#CryptoMarketWatch The crypto market is facing a challenging start to February 2026. Bitcoin (BTC) has retreated to the $75,000–$80,000 range, marking a 40% decline from last year’s peak of approximately $126,000. As of today (February 1, 2026), BTC is trading around $78,000–$78,600, having recently tested the $77,000 support level.
Over the past 24 hours, major coins have seen drops between 5% and 10%, pushing the total market capitalization below $2.8 trillion. The primary drivers of this downturn include:
The partial government shutdown in the US.
The Fed's persistent tight monetary pol