The entire crypto market has plunged, with Bitcoin returning to the $70,000 range after nearly 300 days, and Ethereum plummeting 11.8% in 24 hours.
On February 1, according to HTX market information, the entire crypto market has plunged, with Bitcoin returning to the $70,000 range after 296 days, currently reported at $79,004, marking a new low since April 11, 2025. Ethereum has dropped 11.8% in 24 hours, reaching $2,370. SOL has fallen to $100.26, and BNB has dropped below $800. The total market capitalization of cryptocurrencies has evaporated by 5.7% today, currently reported at $2.738 trillion.
Some altcoins have seen significant declines, including:
SSV currently reported at $3.63, with a 24-hour drop of 20.7%;
ORDI currently reported at $2.96, with a 24-hour drop of 20.04%;
GIGGLE currently reported at $36, with a 24-hour drop of 19.2%;
BERA currently reported at $0.49, with a 24-hour drop of 18.8%;
XPL currently reported at $0.102, with a 24-hour drop of 18.7%.
$BTC Bruno Mars will include "APT." in a new album, copyright distribution exposed引关注
On January 31, 2026, the Western music scene revealed new dynamics regarding the copyright and release of the popular collaboration song "APT." Singer Bruno Mars announced that he will release a new album on April 18, which will include this hit single created in collaboration with BLACKPINK member Rosé. The album will also feature classic collaborations such as "Die With a Smile." It is reported that the songwriting and copyright distribution for this song have been officially disclosed, with Bruno Mars holding 37.51% of the copyright alone, while Rosé shares 46.61% of the copyright with six other creators. Since its release in October 2024, "APT." has taken the world by storm, breaking records on charts in multiple countries, and this inclusion in the album has once again drawn attention to this masterpiece. $BNB
Attention traders! Today Saturday January 31, BNB/USDT dropped 4.47%, hitting a 24h low of 805.00 with current price at 812.05.
The 5min chart shows a clear bearish trend: EMAs (7, 25, 99) are crossing downward, confirming strong bearish momentum.
MACD remains negative (DIF: -6.47, MACD: -1.11), signaling heavy selling pressure. However, RSI readings (6: 33.79, 12: 25.95, 24: 25.80) are deep in oversold territory, which could set up an imminent bounce if volume (242K BNB) picks up.
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BNB is currently trading around $809.82 USDT, with a 4.51% decrease in the past 24 hours. The price has been fluctuating, reaching a high of $860.43 and a low of $773.82 in the past day. Analysts predict it could reach $1,020 by the end of 2026, with potential growth driven by institutional interest and supply squeeze.
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Cryptocurrency Sudden Major Drop: Triple Inducements and Path to Market Resolution
On February 1, 2026, the cryptocurrency market once again faced severe turbulence. Bitcoin$BTC 's daily drop expanded to 3.6%, briefly falling below the critical threshold of $92,000, Ethereum$ETH dropped below $3,200, and Altcoins like Solana saw declines exceeding 8%. The total liquidation amount across the network quickly approached $800 million, with the market's total value evaporating by approximately $100 billion in a single day. This major drop is not an isolated event, but rather an inevitable result of the interplay of three factors: macro sentiment, regulatory dynamics, and changes in market structure. The industry changes reflected behind this event warrant deeper reflection from investors.
1. Source of the Major Drop: Concentrated Outbreak of Cross-Market Transmission and Structural Contradictions