Bitcoin Falls Below Trump Pump, Hype/BTC Hits New ATH, & ETH Goes Under $2k
Fri Feb 06 2026
Crypto majors are very red another 5-8% after another brutal selloff that saw BTC go to $60k; BTC -5% at $66.3K; ETH -7% at $1,920; SOL -9% at $82; XRP +1% at ~$1.37. QNT (+5%), HYPE (+4%) and FLR (+7%) led top movers. The HYPE / BTC ratio hit a new ATH as Hyperliquid held strong during the Bitcoin crash. JPMorgan said Bitcoin could be “more attractive” than gold over time as a store of value, despite the current route. Bitcoin mining stocks are approaching crisis as BTC trades near the $60K-$80K production cost range; mining difficulty expected to drop 13% Saturday. Gemini is cutting 25% of staff and exiting UK, EU, and Australia; accounts close Apr 6.
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Crypto majors are very red another 5-8% after another brutal selloff that saw BTC go to $60k; BTC -5% at $66.3K; ETH -7% at $1,920; SOL -9% at $82; XRP +1% at ~$1.37. QNT (+5%), HYPE (+4%) and FLR (+7%) led top movers. The HYPE / BTC ratio hit a new ATH as Hyperliquid held strong during the Bitcoin crash. JPMorgan said Bitcoin could be “more attractive” than gold over time as a store of value, despite the current route. Bitcoin mining stocks are approaching crisis as BTC trades near the $60K-$80K production cost range; mining difficulty expected to drop 13% Saturday. Gemini is cutting 25% of staff and exiting UK, EU, and Australia; accounts close Apr 6.