Der US-Finanzminister bestätigt in einer parlamentarischen Anhörung, dass die Regierung keine direkten Bitcoin-Ankäufe plant und auch nicht den Kurs der Kryptowährung per Dekret stabilisieren wird.
Experten warnen britisches Parlament vor Stablecoins
Im Rahmen einer Anhörung zur Regulierung von Stablecoins durch das britische Parlament äußern sich mehrere Sachverständige kritisch.
Tether erreicht Rekordmarktkapitalisierung im vierten Quartal
Trotz des massiven Abschwungs der Kryptomärkte im Q4 2025 knackt Stablecoin-Marktführer Tether einen eigenen Rekord.
Zcash price falls 20% to hit 4-month lows under $220
- Zcash price plunged to $217, hitting a four-month low amid a 20% dip.
- The privacy coin dumped as bears pushed Bitcoin under $70,000.
- ZEC traded around $228 at the time of writing, but risks breaching support at $200.
Zcash (ZEC) has declined by more than 20% in the past 24 hours, accelerating its sharp descent amid an increasingly bearish cryptocurrency market.
The privacy coin’s dip to below $220, the first time in four months, came as Bitcoin crashed to $69,500 and Ethereum fell to lows of $2,070.
Among other top altcoin losers on the day was Cardano, which broke to $0.26.
Monero, Dash, and Decred all tanked as privacy coins suffered the bearish flip, hurting cryptocurrencies.
Notably, BTC’s dip has Michael Saylor’s Strategy sitting on approximately $4.5 billion of unrealised losses on the company’s 713,502 BTC.
Meanwhile, BitMine’s 4.2 million ETH currently has about $7.5 billion in unrealised losses.
Top privacy coin turns bearish
Zcash’s plunge stands out among privacy coins, especially after the ZEC price recently jumped to highs above $744 as Bitcoin struggled.
Headwinds amid waning demand now see Zcash changing hands at lows of $217, just a few weeks after it topped $540.
The more than 20% dip in the past 24 hours and 40% nosedive in the past week put Zcash at risk of further technical breakdown.
Capitulation among holders has accelerated sell volumes, with a 36% spike to $538 million in the past day.
Despite the losses, Zcash tops Bitcoin, Bitcoin Cash, and Monero in terms of overall performance over the past year.
Bitwise CIO Matt Hougan shared this view via X.
The relative returns of different monetary crypto assets since Jan. 1, 2025, is remarkable:
Bitcoin (BTC): -22%
Bitcoin Cash (BCH): +23%
Monero (XRM): +97%
Zcash (ZEC): +347%Lots of confounding variables here, including that BTC holders were sitting on the biggest…
— Matt Hougan (@Matt_Hougan) February 5, 2026
Zcash risks plunge below $200
Bears have relentlessly pressured ZEC bulls since the cryptocurrency’s 2025 peak above $740, when early privacy hype drove explosive growth.
Now, after dipping to $217 on February 5, 2026, ZEC risks testing sub-$200 levels.
On Feb. 5, the altcoin came close to the critical psychological support after failing to recover following Electric Coin Company’s core team exit.
Continued regulatory scrutiny on privacy tokens and market-wide profit-taking amid Bitcoin’s latest price crash are key negative triggers.
While ZEC has shattered its key trendline support at $250, a daily RSI deep in oversold territory suggests a rebound is likely.
However, the downturn highlights the privacy coin’s struggles amid broader market volatility, and breaching $200 might result in a new downtrend.
Key support levels beneath this would be $173 and $125 – levels reached in October 2025 before the parabolic surge to the multi-year highs above $700.
Per CoinMarketCap data, ZEC traded around $228 across major exchanges during the early US session on Thursday.
This aligned with Bitcoin’s slight bounce above $70,500, and Monero looked to hold $345.
The post Zcash price falls 20% to hit 4-month lows under $220 appeared first on CoinJournal.
Cardano faces deeper plunge as Bitcoin breaches $70K amid bear-cycle fears
- Cardano price dropped to near $0.26 as cryptocurrencies continued to struggle.
- ADA bulls face further pain if the price breaks below $0.25.
- Bitcoin’s crash to under $70,000 amid bear cycle fears is a major trigger.
Cardano price fell more than 9% to extend its downturn, with this coming as Bitcoin tumbled to below the $70,000 support level.
With BTC dragging the broader crypto market into turmoil, Cardano (ADA) dropped to lows of $0.26, signaling prolonged downside risks in this bear cycle.
Other altcoins had it even rougher, with XRP plummeting 14% to under $1.40 and Solana breaching support at $90.
Altcoins slide as BTC tanks amid market panic
Bitcoin sank further on Thursday, with bears breaking below $70,000 to plunge the whole sector into fresh turmoil.
The 8% drop from a retest of $73,000 came as Strategy, the world’s largest corporate holder of Bitcoin, sank into unrealized losses worth billions of dollars.
Treasury Secretary Scott Bessent had also noted on Wednesday that the government would not “bail out” Bitcoin.
However, despite confirmation that the US will not sell its BTC holdings, Cardano, alongside all the top altcoins, nosedived as BTC touched lows of $69,500.
Analysts at Glassnode pointed out that forced selling is escalating.
The $BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling.
These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning.… pic.twitter.com/mcvVqXJcYq— glassnode (@glassnode) February 5, 2026
Cardano ADA price dives to $0.26
Cardano traded at $0.27 at the time of writing on February 5, 2026, down nearly 9% on the day.
Recent declines mean Cardano price has dived 21% in the past week and 36% in the past month.
The plunge from the $0.8 peak in October 2025 has only accelerated in the past month, with bulls failing to hold onto notable bounces above the $0.30 level.
ADA’s move aligns with bear cycle indicators, including a Fear & Greed Index in extreme fear territory and negative funding rates across exchanges.
Retail and institutional outflows have also amplified the slide, with macroeconomic conditions fueling further pain in a brutal start to the year for buyers.
Given Bitcoin’s outlook, analysts see the current support level of $0.26 as a fragile one for Cardano.
Bearish technicals signal further ADA downtrend
ADA’s daily chart gives a largely bearish outlook after the token’s dip below $0.30 and $0.28.
The dump across risk assets saw buyers fail to hold the 50-day moving average mark, while daily RSI hovers near oversold but lacks bullish divergence.
Data from Coinglass also shows a sharp decline in open interest, and negative funding rates reinforce the outlook.
If the altcoin carnage accelerates amid a broader bear cycle crash, ADA could revisit $0.20 or lower.
On the upside, a shift in macro conditions and regulatory tailwinds could spark bullish bets.
Catalysts like network upgrades or ETF approvals also favour bulls, with short-term targets at $0.50 and $1.
The post Cardano faces deeper plunge as Bitcoin breaches $70K amid bear-cycle fears appeared first on CoinJournal.