The cryptocurrency market is facing intense selling pressure this Thursday, with Bitcoin (BTC) and Ethereum (ETH) leading a broad-based retreat that has sent total market capitalization sliding over 6%. Bitcoin recently dipped below the psychological $72,000 mark, falling nearly 5%, while Ethereum has struggled to maintain its footing above $2,100 following a 4.66% drop. The decline is most acute in the CeFi sector, which tumbled 6.05% behind heavy losses from Binance Coin and Nexo. Despite the sea of red across Layer 1 and PayFi assets, pockets of resilience remain; White Whale (WHITEWHALE) surged over 28%, and DeFi newcomer River (RIVER) gained 13.69%. Investors remain on high alert as macro headwinds and institutional outflows continue to test key technical support levels.
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The post [LIVE] Crypto News Today: Latest Updates for Feb. 05, 2026 – BTC and ETH Slide as Crypto Market Dips Over 6%; CeFi Sector Hit Hardest appeared first on Cryptonews.