On February 6, BTC fell 4.79% to trade near $66,305, while ETH dropped 6.7% below $2,000. XRP gained 0.92% to $1.3792, ADA slipped 3.7% to $0.2634, and SHIB declined 4.49% to $0.00000604. Key ranges noted include BTC at $63,000–$70,000 and ETH at $1,700–$1,800.

Political action committees aligned with the US crypto sector have raised hundreds of millions of dollars ahead of the coming midterm elections, with Fairshake alone reporting more than $190 million on hand after collecting $133 million in 2025. Major firms including a16z, Coinbase and Ripple have made large contributions as the industry seeks to shape legislation such as the CLARITY Act and a market structure bill while facing criticism from campaign finance reform and consumer advocacy groups.

Major U.S. indexes posted their sharpest declines in months, with the Nasdaq Composite down roughly 1.6%, the S&P 500 off 1.23%, and the Dow Jones Industrial Average lower by 1.2%. Losses centered on AI-driven pressure in software, softer labor signals, and valuation concerns tied to heavy AI spending. Friday's futures rose 0.5%–0.6% across benchmarks, suggesting tentative stabilization.

Cryptocurrency exchange Bybit has teamed up with payments infrastructure firm Mercuryo to waive transaction fees on certain crypto purchases made via the One-Click Buy feature between February 4 and February 18, 2026. According to the announcement shared on Friday, February 6, eligible customers can acquire cryptocurrencies in amounts from €100 to €500, or the equivalent, without paying transaction fees. During the campaign, users in supported regions can choose Mercuryo as their payment provider and convert the full value of their fiat payment into USDT or USDC.

During a recent market downturn, several BTC treasury holders, including Nakamoto and Strategy, were observed moving coins out of their reserves. On-chain tracking indicated that 18,221 BTC shifted across major wallets within 24 hours, with more than 9,000 BTC heading to Binance and BlackRock disposing of 5,081 BTC. Nakamoto's reported balance fell by 1,933 BTC, while other institutional holders such as WisdomTree, 21Shares and Ark Invest also transferred smaller amounts.

Over the past few days, Bitcoin has fallen to around $60,000 before recovering to roughly $66,400, while Ethereum briefly dropped near $1,750 and trades close to $1,900 with a weekly loss of about 30%. Analysts cite selling from large BTC holders, spot ETH ETF outflows, and on-chain metrics as factors supporting a bearish outlook, though some see extreme fear as a potential bottom signal. In contrast, Hyperliquid's HYPE token has surged about 60% in two weeks, helped by new developments, backing from Ripple, and record HIP-3 trading activity.

Bitcoin recently dropped below the key $70,000 mark and briefly touched $60,000 while the broader crypto market turned fragile, even as stablecoin issuance accelerated. Over a three-day stretch ending Feb. 4, Tether and Circle created more than $3 billion in new USDT and USDC, contributing to a stablecoin market that surpassed $300 billion in 2025. However, on-chain data shows stablecoin balances are being pulled away from exchanges rather than deployed into risk assets, signaling defensive positioning instead of fresh buying power for Bitcoin.

Stellantis said it will record a €22 billion ($26 billion) charge tied to an EV strategy reset. By 10:30 a.m. in Milan, shares fell 22.9%, while New York-listed stock dropped 20.8% in premarket trading. The automaker suspended its 2026 dividend and aims to raise up to €5 billion via hybrid bonds.