Kategorie: Crypto News

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Ethereum price slips further as Vitalik Buterin dumps $6.6M ETH

  • Ethereum price drops to $2,127 amid market weakness and high volatility.
  • Vitalik Buterin sells $6.6M ETH, part of planned funding moves.
  • Key support at $2,007, with resistance targets at $2,133 and $2,274.

Ethereum (ETH) is under pressure as the cryptocurrency continues to face a significant pullback.

The price of ETH has dropped to $2,098.91, down 5.6% in the last 24 hours.

ETH price chart
Ethereum price analysis | Source: TradingView

This decline is part of a broader downtrend, with Ethereum losing around 28% over the past week and nearly 34% over the past three months.

Trading volume, however, remained elevated at $54.5 billion in the last 24 hours, highlighting strong market activity despite the falling prices.

Vitalik Buterin’s ETH trades

Adding to the market concerns, Ethereum co-founder Vitalik Buterin has sold millions in ETH.

Reports indicate that wallets linked to Buterin moved roughly 2,961.5 ETH, valued at approximately $6.6 million at the time of sale.

These transactions attracted attention due to the timing of the Ethereum downturn.

Additional reports highlight a separate $29 million ETH transfer, part of a planned reallocation by Buterin.

The movement included converting ETH to wrapped ETH (wETH) and sending smaller amounts to his Kanro charity, which focuses on biotechnology and infectious disease research.

Analysts stress that these transfers are likely strategic funding moves, not panic selling.

Nevertheless, the market has interpreted these large movements as bearish signals.

ETH price analysis

Ethereum has been under pressure due to broader crypto market weakness.

The 24-hour price range for ETH is currently $2,077.42 to $2,258.21, reflecting volatility and uncertainty.

Ethereum’s market capitalisation stands at $257 billion, with a circulating supply of 120.6 million ETH.

The cryptocurrency is still down 57% from its all-time high of $4,946.05 in August 2025.

Despite the decline, Ethereum remains a major player in the crypto ecosystem, with investors closely monitoring large wallet movements.

Ethereum price forecast

Traders are watching key levels for signs of market direction.

The first support level to monitor is $2,007.

If ETH fails to hold this level, it could drop further to the next support at $1,800.

On the upside, $2,133 is the initial resistance level.

A sustained break above this could push Ethereum toward $2,274, with the third resistance at $2,396.

Analysts like CoinLore suggest that maintaining a price above the $2,007 support is critical for any potential recovery.

Conversely, breaking below this level could accelerate selling pressure and test lower price floors.

In conclusion, Ethereum faces a challenging period as both founder wallet activity and broader market trends weigh on the price.

Traders should pay close attention to the support and resistance levels, as these will likely guide short-term movements in ETH.

The post Ethereum price slips further as Vitalik Buterin dumps $6.6M ETH appeared first on CoinJournal.

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Bitcoin erases 15 months of gains, falls below $70K amid $840M liquidations

  • Bitcoin temporarily fell below $70,000, erasing gains built over the past 15 months.
  • Over $840 million in leveraged long positions were liquidated during the sell-off.
  • Traders now watch $65,000 support and $72,000 resistance for direction.

Bitcoin has suffered one of its sharpest corrections in recent years, wiping out roughly 15 months of bull market gains in a swift and brutal sell-off.

The world’s largest cryptocurrency temporarily plunged below the psychologically important $70,000 level, shocking traders who had grown accustomed to sustained upside momentum.

The move did not happen in isolation, as it was accompanied by heavy liquidations, weakening sentiment, and visible stress across centralised exchanges.

What initially appeared to be a routine pullback quickly evolved into a deeper reset for the broader crypto market.

Bitcoin price crash wipes out 15 months’ gains

Bitcoin’s drop to the $69,000–$70,000 range marked its lowest level in around 15 months, effectively erasing much of the progress made during the previous bull cycle.

This decline pushed BTC back toward price zones last seen before institutional inflows and ETF-driven optimism reshaped market expectations.

As the price broke below the key support level at $70,000, selling pressure intensified, and confidence among short-term traders deteriorated rapidly.

The correction also dragged down major altcoins, reinforcing the idea that this was a market-wide deleveraging event rather than a Bitcoin-only move.

From a market structure perspective, the fall represented a decisive break from the higher-highs and higher-lows pattern that had defined Bitcoin’s uptrend.

Liquidations accelerate the sell-off

One of the most significant drivers behind the crash was a massive wave of forced liquidations across crypto derivatives markets.

CoinGlass data shows that more than $840 million worth of leveraged positions were wiped out in a short period, with long positions accounting for the majority of losses.

As Bitcoin slipped below critical price thresholds, automated liquidation engines kicked in, amplifying downside momentum.

This cascade effect turned a controlled decline into a sharp flush, catching overleveraged traders off guard.

The liquidation-heavy nature of the drop suggests the move was driven more by market positioning than by a single fundamental catalyst.

After months of elevated leverage and crowded long trades, the market finally reached a breaking point.

Massive Bitcoin outflows from exchanges

At the same time, on-chain data from CryptoQuant shows notable Bitcoin outflows from major exchanges, particularly Binance.

Net Bitcoin inflows
Bitcoin exchange netflow | Source: CryptoQuant

A community-driven withdrawal campaign contributed to a sharp net outflow of BTC, briefly reducing exchange reserves.

In a recent press release, Binance publicly addressed speculation about these movements, denying claims of financial instability and emphasising that withdrawals were proceeding normally.

The exchange also encouraged users to practice self-custody if they felt uncertain, which further highlighted shifting trust dynamics within the market.

Despite the price crash, some analysts view sustained exchange outflows as a sign that long-term holders are not panic-selling.

This divergence between short-term trader behaviour and longer-term investor positioning adds complexity to the current market narrative.

Bitcoin price forecast – what to look at in the coming days

Looking ahead, traders should closely watch several key levels as Bitcoin attempts to stabilise after the sell-off.

The $70,000 zone now acts as immediate support, and a break below this level could push the price towards the $65,000 area, which stands out as a major support zone, as it aligns with previous consolidation ranges.

BTC price analysis
BTC price chart | Source: TradingView

A deeper breakdown could expose Bitcoin to a move toward the $60,000 psychological level, where buyers may attempt a stronger defence.

On the upside, a sustained recovery above $72,000 would be an early sign that selling pressure is easing.

For now, volatility remains elevated, and traders are likely to stay cautious until Bitcoin establishes a clearer direction.

The post Bitcoin erases 15 months of gains, falls below $70K amid $840M liquidations appeared first on CoinJournal.

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Solana price outlook: bears test $90 amid massive liquidations

  • Solana dropped to $90 amid massive liquidations across the crypto market.
  • Bitcoin and Ethereum fell to under $73,000 and $2,150.
  • Standard Chartered forecasts SOL rally to $250 in 2026 and $2,000 by 2030.

Cryptocurrencies are bearish, and Solana’s price has experienced one of the sharpest declines among top altcoins.

In the past 24 hours, the cryptocurrency has dropped nearly 10% to under $91, with many traders caught off guard amid heightened market volatility.

As can be seen in the crypto heat map below, Solana’s plunge aligns with broader market pressure. Billions of dollars in leveraged positions have been wiped out in the past week as the sector faces massive unwinding.

Crypto Heat Map
Solana among cryptocurrencies in red. Source: Coin360

Price dips 10% amid crypto liquidations

With market sentiment in shambles for much of 2026, it is no surprise that Bitcoin tanked to its multi-month lows of $72,800.

BTC and ETH’s latest dips mean Michael Saylor’s Strategy and Tom Lee’s BitMine currently sit on billions of dollars in unrealized losses.

Digital asset treasury companies that flocked to Solana, BNB, Cardano, and others have similar trajectories.

For Solana, the coin’s price under the psychological level of $100 has strengthened this. Sellers sustained this negative trend with another 10% push over the past 24 hours, hitting lows of $90.60.

Onchain perpetual markets on Solana contributed significantly, with over $70 million in liquidations from Solana-based platforms in the past 24 hours.

During the downturn, over $65 million of these were longs.

The surge in forced selling exacerbated the decline, with high leverage amplifying losses for over 15,900 bullish traders.

The liquidations reflect the rapid deleveraging that has also wiped billions of bullish bets from Bitcoin and Ethereum.

Solana price prediction

The SOL dip is part of a broader market correction, but there’s a potential for recovery if bulls hold $90.

However, liquidity contractions and liquidation overhangs, such as the $800 million in total liquidations in the past 24 hours, suggest a possible down leg as excess leverage clears.

The technical picture also has Solana trading below its 50-day moving average around $132, which adds to the bearish outlook of the RSI and MACD.

Solana Price Chart
Solana price chart by TradingView

SOL could drop to $70 if markets continue to struggle.

Despite the overall bearish picture, Standard Chartered has pointed out a bullish forecast for SOL.

According to the bank, SOL could reach $2,000 by 2030 but has cut its 2026 forecast to from about $310 to $250.

Catalysts include the macro picture and capital flows, as well as a fresh explosion in rotation from memecoins to top altcoins. Stablecoin adoption is another factor in the bank’s outlook.

The post Solana price outlook: bears test $90 amid massive liquidations appeared first on CoinJournal.

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XRP price risks drop below $1.50 amid crypto market crash

  • Ripple’s XRP dropped nearly 5% in 24 hours and 20% in the past week.
  • Bitcoin’s dip to $72,900 saw XRP come close to breaking below $1.50.
  • XRP saw over $19 million in ETF inflows on February 3, 2026.

XRP has fallen sharply, shedding about 20% over the past week to trade near the critical $1.50 level.

The Ripple cryptocurrency, which has declined by about 5% over the past 24 hours amid a broader crypto market downturn, risks dipping below a key level despite witnessing a fresh uptick in exchange-traded fund inflows.

Overall bearish pressure has led the cryptocurrency market cap to drop to $2.66 trillion, with the crash on “Black Sunday II” having plummeted Bitcoin to under $73,000 on Wednesday.

Meanwhile, top altcoins such as Ethereum, BNB, and Solana have also sold off significantly.

ETH, SOL and BNB dropped to $2,100, $91 and $727 respectively on Wednesday.

Key triggers include President Trump’s tariff threats, panic sell-offs amid  a risk asset dip, and negative reaction to Federal Reserve policy fears and the recent nomination of Kevin Warsh as the next Fed chair.

Institutional ETF inflows have failed to stem the downside action.

XRP price slips towards $1.50

XRP’s slide to near $1.53 across major exchanges amid risk-off sentiment means that another slip could push prices lower.

Data shows Ripple futures open interest currently averages $2.53 billion, and aligns with the shrinking retail demand and trader caution.

Per CoinGlass data, OI has shrunk from over $8.3 billion on October 10, when a bloodbath pushed XRP price from above $2.80 to under $2.30.

Sellers have since seen prices hit lows under $1.55, with the downside accelerating since January 6, 2026, when prices retested the $2.30 level.

A dip in OI points to a sustained decline in retail interest, which has previously impacted bulls.

The trend holds despite digital asset investment products, including spot XRP ETFs, seeing notable cumulative inflows over the past week.

Spot XRP ETFs also attracted net inflows on Tuesday, with about $19.4 million in net inflows.

What’s next for the Ripple (XRP) price?

Bitcoin’s drop to $72.8,000 exacerbates the bearish outlook, despite the swift bounce as investors reacted to developments that prevented a US government shutdown. However, bears are still in control.

XRP Price Chart
XRP price chart by TradingView

XRP has lost over 33% in the past month, hitting $1.53 on February 4 and extending declines from January highs around $2.35.

Analysts say $1.53-$1.50 is a potential key reload zone, but buyers must absorb the likely pressure.

Bearish risks persist amid macro caution, and another leg down might potentially see sellers test lows of $1.25. However, the upside amid a bullish divergence has $1.59 as a key pivot towards $2.00.

The post XRP price risks drop below $1.50 amid crypto market crash appeared first on CoinJournal.

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SUI slides amid crypto selloff as HashKey Exchange confirms new listing

  • SUI slid below $1.10 amid a broad crypto selloff, tracking weakness in bitcoin and major altcoins.
  • Hong Kong’s HashKey Exchange will list SUI/USD for professional investors from Feb. 4.
  • A potential bullish reversal could see Sui price target $1.20-$1.34.

HashKey Exchange, Hong Kong’s largest licensed cryptocurrency platform, is set to list Sui, a development that comes as the token struggles amid a sharp downturn across digital asset markets.

Sui’s native token, SUI, has come under heavy selling pressure in recent sessions, sliding below $1.10 as the broader crypto market sold off aggressively.

The decline coincided with Bitcoin trading around the $78,000 level, triggering losses across major and mid-cap tokens.

SUI, now ranked outside the top 20 cryptocurrencies by market value, was trading around $1.13 as of Feb. 3, 2026.

Why did SUI plummet?

SUI’s pullback has largely tracked the wider risk-off move in crypto markets.

The token is down about 12% over the past week, reflecting volatility seen across high-beta digital assets.

Solana, for example, dropped to a 10-month low below $100 during the same period.

The selloff has been driven by a combination of macroeconomic uncertainty and profit-taking following earlier rallies.

These pressures persisted despite US President Donald Trump nominating crypto-friendly Kevin Warsh as his pick for the next Federal Reserve chair, a move that had initially been viewed as supportive for digital assets.

However, with SUI hovering around $1.13 as of February 3, 2026, bulls are likely to get a major boost from news of a fresh listing on Hong Kong’s largest crypto platform HashKey Exchange.

HashKey Exchange to add SUI/USD trading

Sentiment around SUI may find near-term support from a new exchange listing.

HashKey Exchange announced on Feb. 3 that it will list the SUI/USD trading pair.

According to the exchange, over-the-counter trading in SUI/USD will open at 16:00 Hong Kong time on Feb. 4, 2026.

Deposits and withdrawals for SUI are already live, allowing qualified participants to prepare ahead of trading.

Access to the product will be limited to professional investors, in line with Hong Kong’s regulatory framework.

HashKey Exchange operates under the city’s Virtual Asset Service Provider regime and has positioned itself as a compliant venue focused on security and institutional-grade access to digital assets.

The listing is expected to improve regional liquidity for SUI, particularly as interest grows in high-throughput Layer-1 blockchains used in decentralised finance and Web3 applications.

Sui price prediction

Historically, listings on major Asian exchanges have often led to spikes in trading activity for altcoins, driven by institutional and regional participation.

While HashKey’s OTC focus narrows the immediate investor base, broader market stabilisation could amplify the impact of the listing.

From a technical perspective, SUI appears oversold following the recent decline.

The relative strength index has moved deep into oversold territory, suggesting the potential for a short-term rebound.

A recovery would likely see $1.12 acting as a key support level.

SUI Price Chart
Sui price chart by TradingView

Near-term resistance is seen in the $1.20 to $1.34 range, with the upper end marking a previous area of demand.

However, momentum indicators such as the MACD remain bearish, pointing to ongoing downside risks.

If buying interest fails to build, SUI could face renewed pressure below the $1.00 level.

As with the broader crypto market, the token’s direction is likely to remain closely tied to shifts in risk sentiment and bitcoin price action in the days ahead.

 

The post SUI slides amid crypto selloff as HashKey Exchange confirms new listing appeared first on CoinJournal.