Cryptocurrency markets moved sharply lower on February 4, 2026, with heavy selling across large-cap digital assets. Bitcoin declined 5.57% to $72,133.91, losing $4,253.47, while Ethereum dropped 5.97% to $2,132.57, down $135.33, reflecting broad risk-off sentiment in crypto markets.
Among major altcoins, BNB fell 8.31% to $694.74, marking one of the steepest declines among large-cap tokens. XRP dropped 7.93% to $1.46, and Solana slipped 7.64% to $91.16, extending weakness across high-beta crypto assets.
Stablecoins Hold Peg While Staked ETH Mirrors Market Decline
Stablecoins remained largely steady, with Tether (USDT) at $1.00 (−0.08%) and USD Coin at $1.00 (+0.01%), indicating no major liquidity disruption. Meanwhile, Lido Staked ETH fell 5.86% to $2,130.48, and Lido wstETH dropped 6.17% to $2,605.78, tracking Ethereum’s downside momentum.
Meme and Mid-Cap Tokens Continue to Slide
Dogecoin declined 3.98% to $0.10, while Cardano fell 3.72% to $0.29. TRON eased 1.85% to $0.28, with Wrapped TRON down 1.13%, showing persistent pressure across mid-cap tokens. Bitcoin Cash remained largely flat at $533.47.
Extreme Outlier: Shido ETH Posts Massive Statistical Spike
In an unusual move, Shido ETH USD showed a sharp statistical surge, with price listed at 3,020,046,080.00 and an outsized percentage gain, indicating a likely data anomaly or illiquid price spike rather than broad market trend.
Market Tone: Risk-Off Dominates Crypto
With major tokens down between 5%–8%, momentum remains negative across crypto markets. Traders are closely monitoring liquidity flows, macro risk sentiment, and Bitcoin’s ability to hold key support near the $72K level for near-term direction.
