Kategorie: Crypto News

• Ethereum price is trading inside a huge channel on the monthly chart.
• Bitcoin’s crash to $60,000  dragged ETH to its intraday lows.
• After falling to lows of $1,748, ETH risks another leg down.

Ethereum’s price hovers above $1,960 as of writing on February 6, 2026.

This follows a sharp downturn in the past 24 hours, with the top altcoin crashing to lows of $1,700 amid broader market turbulence.

Bitcoin’s crash to $60,000, before rebounding to $67,000, dragged ETH to its intraday lows.

All the top altcoins, including Solana, BNB and XRP, fell sharply amid the bloodbath.

Ethereum price recap

Ethereum fell below $1,800 on Thursday, marking its weakest level since mid-2025 as heavy selling pressure intensified.

The decline followed a sharp drop in Bitcoin to around $60,000, which sent shockwaves through the broader crypto market.

Although prices have since recovered above $1,900, continued ETF outflows and a prevailing risk-off environment suggest bullish momentum remains fragile.

Ethereum is down more than 29% over the past week and about 40% over the past month, underscoring the depth of the recent sell-off.

ETH price prediction: could bears target $1,000 next?

Although bulls are targeting a move back above $2,000, the monthly chart points to a fragile price structure.

The chart paints a massive range with $4,900 forming the top established during the past bear cycle.

At the lower end, the parallel channel suggests potential downside toward the $1,000–$1,200 zone.

At present, the $1,800–$1,900 area aligns with support levels seen in April and May 2025, which were tested after ETH retraced from highs of around $4,100 in December 2024.

This overlap reinforces the zone’s importance in determining near-term price direction.

Analysts see this as a critical support zone, but if sellers breach it, it could give way to a downturn to levels untested since Ethereum’s 2022 bear market bottom.

As such, bulls must eye a notable bounce above $2,000. If this happens, the next targets lie in the $2,250-$2,700 range.

However, a breakdown below $1,800 risks testing $1,700 again.

This week’s breakdown aligns with a similar breakdown in March-April 2025, which put prices beneath a key uptrend line formed since the bullish flip in April 2020 after the COVID crash.

With bears having touched the mark already amid current bearish conditions, the picture isn’t in favour of bulls.

A revisit could open up a path to the multi-year demand reload zone around $1,250-$1,000. This area represents untapped liquidity from the 2022 lows.

The post Ethereum weakens after Bitcoin plunge, downside risks build appeared first on CoinJournal.

• Griffin AI received a second OpenAI milestone trophy after surpassing 20 billion tokens processed.
• Growth reflects rising reliance on AI agents for crypto research, workflows, and decision support.
• Company aims to convert high usage into durable, utility-driven value across Web3 ecosystems.

User engagement with GriffinAI agents accelerates with 57% month-over-month growth in prompt-driven activity, reinforcing Griffin AI’s position among the most active OpenAI model users in the crypto sector.

6 February 2026— Griffin AI, the AI agent builder for DeFi, today announced its partnership with OpenAI and confirmed it has received a milestone trophy from OpenAI recognizing Griffin AI’s continued high-volume usage of OpenAI models.

Founder Oliver Feldmeier shared the milestone publicly during a recent AMA on X, noting that Griffin AI first received recognition after surpassing 10 billion tokens consumed via OpenAI’s platform, and has now received a second trophy after passing another 10 billion tokens—a sign of accelerating adoption and platform engagement.

Oliver Feldmeier, Founder of Griffin AI said:

In times like these, during the extreme market turmoil in the bear market phase, what counts is that users keep using our agents — and premium usage is paid in our native GAIN token. That organic demand, driven by real utility of our agents, is what matters beyond short-term market movements. This isn’t just a vanity metric. It’s evidence that real users are actively engaging with our agents—triggering prompts, running workflows, and using the platform at meaningful scale.

Customer growth and engagement momentum

Griffin AI has seen steady growth in user adoption and a material increase in usage intensity on the platform.

In recent months, prompt-driven activity triggering Griffin AI agents grew by 57% month-over-month, reflecting a sharp rise in engagement as users increasingly rely on AI agents to support crypto research, decision support, and workflow automation.

While much of today’s activity occurs within the platform—prior to being fully observable on-chain—Griffin AI views these engagement metrics as an early indicator of product-market fit for agent-led experiences in crypto.

Why this matters

This recognition from OpenAI reinforces Griffin AI’s focus on scaling reliable, production-grade AI agent experiences for crypto users.

The token milestone trophies serve as external validation that Griffin AI is operating at top-tier usage levels—positioning the company among the most active OpenAI model consumers in the crypto space.

Key milestones highlighted:

• 20+ billion OpenAI model tokens processed across two recognized usage thresholds
• Second OpenAI milestone trophy received, signaling accelerating platform demand
• 57% month-over-month growth in prompt-generated agent activity in recent months

What’s next: converting demand into durable utility

Griffin AI’s next phase is centred on converting rising usage into measurable end-user value—through commercial-grade agents that can operate across the web, social platforms, and crypto workflows, with a roadmap that ties platform usage to broader ecosystem utility.

Griffin AI also continues to operate a multi-model stack—leveraging OpenAI alongside additional leading models and self-hosted deployments—ensuring performance, resilience, and flexibility as the product scales.

About Griffin AI

#1 AI Agent Builder for Web3
IGriffin AI is the leading AI agent builder for decentralized finance, enabling anyone to create, deploy, and scale autonomous crypto-native agents. Its flagship agents “Transaction Execution Agent” executes swaps, yields, and cross-chain operations through natural language, while multiple research agents help investors find Alpha.

PR Contact:
support@griffinai.io

Note: “Tokens” refer to AI model tokens processed through OpenAI model usage (not blockchain tokens). Forward-looking statements in this release are subject to risks and uncertainties.

The post Griffin AI announces partnership with OpenAI and receives usage milestone trophy recognizing 20+ billion tokens processed appeared first on CoinJournal.

• Bitcoin price plunged to $60,000, its biggest single-day fall since the FTX crash.
• Prices rose to above $66,000 as analysts forecast a potential dead cat bounce.
• Market sentiment remains in extreme fear.

Bitcoin fell sharply on Friday, crashing to lows of $60,000, which ignited widespread selling before swiftly staging a dramatic recovery to around $67,100.

The volatile swing has sent the cryptocurrency market sentiment into extreme fear, with top altcoins, including Ethereum, XRP, and Solana, hitting critical support levels below $1,900, $1.40, and $80, respectively.

But after experiencing one of its most severe single-day plunges in history, can bulls sustain the flip?

Bitcoin sees biggest 24-hour dip since FTX crash

As noted, Bitcoin plummeted more than $10,000 in a matter of hours on Thursday, briefly dipping to lows near $60,000.

While Bitcoin has since recovered some ground and stabilised near $67,000 at the time of writing, the broader market remains under pressure following the cryptocurrency’s sharpest one-day decline since the collapse of FTX in November 2022.

Unlike previous sell-offs triggered by clear catalysts such as regulatory actions or exchange failures, the latest downturn appears to have been driven largely by technical factors.

Analysts have pointed to a wave of liquidations and forced unwinding of highly leveraged positions, as traders who had positioned for continued gains were caught off guard by the sudden reversal in momentum.

Crypto analyst and investor Lark Davis shared the following on X:

There’s discussion that Bitcoin’s dump is part of a bigger domino effect.

People borrowed money to buy Bitcoin, gold, and silver. When prices dropped, lenders said „give us more money NOW or we’ll sell your stuff.“

The problem: People didn’t have cash, so they sold their OTHER…

— Lark Davis (@LarkDavis) February 6, 2026

Data from Coinglass showed that more than $2.6 billion worth of cryptocurrency positions were liquidated over the past 24 hours, with Bitcoin derivatives accounting for the largest share.

The sell-off spread across major altcoins. Ethereum fell below $1,800 for the first time in more than a year, while Solana slid to around $67, its lowest level since December 2023.

XRP also came under heavy pressure, touching lows near $1.13 and raising the risk of a move back below the $1 mark for the token linked to Ripple.

Market participants noted that open interest in Bitcoin futures had climbed to record levels before the downturn, leaving heavily leveraged long positions exposed when prices reversed sharply.

Bitcoin price outlook: dead cat bounce or sustained rally?

As Bitcoin trades near $66,000, traders are weighing whether the rebound marks the start of a sustained recovery or represents a short-lived “dead cat bounce” that could give way to renewed losses.

Bearish sentiment remains dominant, with market confidence sliding to extreme lows.

The CoinMarketCap Fear and Greed Index is currently at 5 out of 100, signalling severe investor anxiety.

Despite this, some analysts argue that supportive factors are still present.

The scale of the recent sell-off, driven in part by heavy long liquidations, has raised the possibility of a short squeeze.

If short sellers continue to cover positions, prices could extend their recovery.

For bulls, a sustained move above $70,000 and a retest of $73,000 would be key technical milestones.

However, if momentum weakens amid ongoing macroeconomic and geopolitical pressures, Bitcoin could slip toward $60,000, undermining the rebound.

In that scenario, some market participants see $50,000 as the next potential downside target.

The post Bitcoin price bounces to $67,000 after Thursday’s bloodbath appeared first on CoinJournal.

• 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 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.