Bitcoin-Led Crypto Rout Erases Nearly $500 Billion in Just One Week

Posted on February 4, 2026 by Olumide Adesina

A selloff led by Bitcoin has erased nearly half a trillion dollars from the crypto market in less than a week. The total value of the entire cryptocurrency market has dropped by $468 billion since January 29, according to CoinGecko data. Tuesday saw Bitcoin fall to its lowest point since US President Donald Trump was re-elected in early November 2024 and a more pro-crypto administration took office.

Bitcoin is in decline after Trump threatens Europe with tariffs.

The cryptocurrency recovered slightly on Wednesday, trading at about $76,600 at 6:50 a.m. after hitting a 15-month low of $72,877 earlier in the day in London. Bitcoin has declined roughly 40% since reaching a record high in early October, despite a pro-crypto White House and increasing institutional adoption.

The decline follows a devastating series of liquidations on October 10 that wiped out leveraged token wagers worth $19 billion, from which the larger crypto market has not yet recovered. These drops come after a turbulent week for international markets, which also experienced significant fluctuations in gold and silver.

Cryptocurrencies did not find support on Tuesday, but precious metals saw buyers after recent losses. Rising tensions between the US and Iran prompted investors to seek safe investments, leading to declines in both Bitcoin and US stocks. The fall in Bitcoin raises questions about its role as a “digital gold,” as it has not served as a safe haven during times of increased geopolitical uncertainty.

This week, investor Michael Burry warned that Bitcoin has not proven to be a hedge like precious metals and instead is a purely speculative asset. Over $700 million in bullish and bearish crypto bets have been liquidated in the perpetual futures market in the past day, bringing the total loss since January to over $6.67 billion, according to CoinGlass data.

Bitcoin exchange-traded funds with US listings continue to experience volatile flows, with net inflows of roughly $562 million.

Forex Signals Feb 4: Google, Eli Lilly, Qualcomm, ABBV, Mitsubishi Earnings Preview Today

Posted on February 4, 2026February 4, 2026 by Skerdian Meta

The results lineup on Wednesday, which includes Alphabet, Eli Lilly, AbbVie, Mitsubishi UFJ, and Qualcomm, will provide investors with fresh information on the demand for medications, the state of the world economy, and the monetization of AI. Continue reading “Forex Signals Feb 4: Google, Eli Lilly, Qualcomm, ABBV, Mitsubishi Earnings Preview Today” →

Anthropic AI Tool Sparks Selloff From Software to Broader Market

Posted on February 4, 2026 by Olumide Adesina

Anthropic PBC’s new AI automation tool caused stocks in the software, financial services, and asset management industries to plummet by $285 billion on Tuesday as investors rushed to sell shares with even the smallest exposure.

An index of financial services companies fell nearly 7%, while a Goldman Sachs basket of US software stocks fell 6%, its largest one-day drop since the tariff-fueled selloff in April. Before reducing losses to 1.6 percent, the Nasdaq 100 Index dropped as much as 2.4 percent.

The selloff began before the opening of the US market, with traders citing a statement on the Anthropic website as the cause of sharp drops in the shares of the London Stock Exchange Group Plc, the business and legal software manufacturer RELX PLC, and the credit and marketing services company Experian Plc.

Shares of Indian IT firms were the most recent to plummet, along with other Asian software stocks. Tata Consultancy Services Bellwether Ltd. declined by up to 6%, while Infosys Ltd. decreased by 7.1%. Xero Ltd. is a cloud-based accounting software provider. dropped as much as 16% during Sydney trading, the highest since 2013.

Asia’s larger tech sector has shown some resilience as hardware manufacturers, especially chipmakers, continue to dominate the market and have benefited greatly from the surge in AI investment.

Anthropic is one of many AI startups creating tools for the legal sector. Startups like Legora and Harvey AI were flooding the legal sector with tools they claimed would spare attorneys from tedious work long before Anthropic’s plugin. For over two years, investors have been pouring money into AI products for the legal sector.

Legora raised money at a $1.8 billion valuation in October, while Harvey AI was valued at $5 billion in June. In contrast, Anthropic creates its own models that can be tailored to the particular requirements of an industry. It has the distinct advantage of upending both established legal news and data services and legal AI startups, given its position as a major model developer in the AI ecosystem.

Forex Signals Feb 3: AMD, Merck, PepsiCo Earnings Preview as RBA Holds the Interest Rates

Posted on February 3, 2026February 3, 2026 by Skerdian Meta

With today’s announcement of their Q4 2025 earnings reports, Advanced Micro Devices (AMD), Merck (MRK), and PepsiCo (PEP) will provide markets with new information on technology, healthcare, and consumer staples.
Continue reading “Forex Signals Feb 3: AMD, Merck, PepsiCo Earnings Preview as RBA Holds the Interest Rates” →

Bitcoin’s Feeble Bounce Fades as Options Bet on More Caution

Posted on February 3, 2026 by Olumide Adesina

Bitcoin remained under pressure on Tuesday, stalling after a brief recovery from a 10-month low. The cryptocurrency was trading at about $78,500, one day after negative sentiment almost driven it to its lowest point since US President Donald Trump took office again, more than a year ago.

Although put options, which are contracts that guard against downside risk, have become less common, strike price concentrations suggest the market remains nervous. According to Deribit data, the highest concentrations of put options point to buy-side support at $75,000, making it a crucial support level. On Monday, the token fell as low as $74,541 before rising again. $70,000 is the next crucial support level.

The BTC options market is showing signs of stabilizing as extreme downside fear begins to mean-revert, but this would be void if the weekly close fell below $75,000.

Bitcoin rallied as much as 1 percent, breaking above $79,100 before losing those gains. According to the charting tool TradingView, the cryptocurrency’s implied volatility index stayed high at about 48.8, comparable to Monday’s level.

Forex Signals Feb 2: NFP, Palantir, Disney, AMD, Alphabet, Amazon Earnings Preview Weekly

Posted on February 2, 2026February 2, 2026 by Skerdian Meta

This week’s results from Palantir, Disney, AMD, PepsiCo, Alphabet, Amazon, Shell, and Toyota are anticipated to have an impact on the mood of the industry and the overall direction of the market. Continue reading “Forex Signals Feb 2: NFP, Palantir, Disney, AMD, Alphabet, Amazon Earnings Preview Weekly” →

Bitcoin Crashes Below $75K as Weekend Liquidations Mount

Posted on February 2, 2026February 2, 2026 by Olumide Adesina

Bitcoin fell below $75,000, roughly 42% from its 2025 peak, and returned to levels last seen following the “Liberation Day” tariff fallout.

What started as a severe crash in October has turned into something more destructive: a selloff characterized by a lack of buyers, momentum, and confidence rather than panic. In contrast to the October drawdown, there hasn’t been a clear spark, cascading liquidations, or systemic shock; instead, there has only been declining demand, thin liquidity, and an unconnected token.

Risk rallies, dollar depreciation, and geopolitical strain have not affected Bitcoin. Despite the recent sharp fluctuations in gold and silver, there was no rotation in cryptocurrency. In January, Bitcoin experienced its fourth consecutive monthly decline of almost 11%.

This is the longest losing streak since 2018, during the crash that followed the 2017 boom in initial coin offerings.

XRP Price: Ripple Forms Base at $1.60 Zone – Oversold Rebound on Strong Foundations?

Posted on February 2, 2026February 2, 2026 by Skerdian Meta

In the midst of a wider cryptocurrency decline, XRP has slipped to $1.60 area, yet structural factors may be bolstering rather than diminishing its long-term prospects. Continue reading “XRP Price: Ripple Forms Base at $1.60 Zone – Oversold Rebound on Strong Foundations?” →

OPEC+ Delegates Expect to Ratify Q1 Output Pause Through March

Posted on February 1, 2026February 1, 2026 by Olumide Adesina

Delegates stated that OPEC+ is nearing approval of plans to halt production increases in March. Key members led by Saudi Arabia and Russia decided in November to halt a rapid revival of output during the first quarter.

Three delegates stated on Sunday that they anticipate the alliance will confirm the pause for March, reiterating their opinions from last week. The alliance has reiterated the policy at monthly meetings. They also stated that they don’t anticipate plans after the first quarter. Even though the possibility of US action against OPEC member Iran is driving up oil prices, the Organization of the Petroleum Exporting Countries and its allies are continuing on their current course.

Brent futures reached a four-month high of $71.89 per barrel last week following US President Donald Trump’s warning to Tehran to reach a nuclear agreement or risk military action

OPEC+ and its allies often respond cautiously when geopolitical risks rise, typically waiting for changes in actual supplies before acting. Eight OPEC+ nations swiftly boosted production last year in what appeared to be an effort to reclaim their market share worldwide.

They made the decision to stop making more increases in the first quarter. The decision was partially validated by events. Even though many analysts still anticipate a large supply glut, prices have been supported by unrest in Iran and disruptions in Kazakhstan, another alliance member.

Gold Plunges Most in 40+ Years, Silver Records Historic Intraday Crash in Brutal Reversal

Posted on February 1, 2026February 1, 2026 by Olumide Adesina

Silver recorded a record intraday decline, and gold experienced its largest decline in forty years in a sharp reversal of the surge that drove prices to all-time highs. Gold experienced its largest intraday decline since the early 1980s, falling more than 12 percent to fall below $5,000 per ounce.

Silver fell as much as 36% as the selloff swept through the larger metals markets, a record intraday decline. In London, copper dropped 3.4 percent from its all-time high on Thursday.

A sell-off of commodity currencies, such as the Swedish krona and the Australian dollar, helped the dollar soar. Over the past year, investor demand for precious metals has reached record highs, shocking seasoned traders and causing extraordinary price volatility.

This picked up speed in January as investors flocked to the traditional safe havens amid worries about currency depreciation, the Federal Reserve’s independence, trade disputes, and geopolitical unrest.

The selloff on Friday, which surpassed the October decline, is the biggest shock to the rally. The dollar’s recovery following reports that the Trump administration was getting ready to nominate Kevin Warsh for Fed chair—a move that was subsequently confirmed—was what set it off.

Investors who had been hoarding metals after the US president indicated it would allow the currency weaken earlier were disheartened by the greenback’s surge.

Warsh is seen as the most formidable opponent of inflation among the finalists, which raises expectations of a monetary policy that would support the dollar and devalue bullion priced in US dollars. According to Aakash Doshi, global head of gold and metals strategy at State Street Investment Management, “Trump’s announcement of Warsh as his choice for the next Fed Chair has been a US dollar positive and precious metals negative.