Why Crypto Is Down Today? ADA Founder Reveals $3 Billion Hit
February 6, 2026 14:43:54 UTC
Crypto Market Losing Nearly $20 Billion Daily in 2026 as $720 Billion Wiped Out
The cryptocurrency market has shed roughly $720 billion since January 1, with total market capitalization falling from $2.97 trillion to $2.25 trillion, according to market estimates. From the January 14 peak, the broader market has lost about $1 trillion, averaging close to $44 billion in daily declines, highlighting the scale of the ongoing crypto downturn.
February 6, 2026 14:43:54 UTC
Bitcoin Must Hold $65K to Stop Liquidation Spiral
The crypto market downturn deepened as leveraged positions from the 2025 rally continue to unwind, triggering fresh selling pressure. Investor sentiment has dropped to Extreme Fear (index 5). Analysts say Bitcoin stabilizing above $65,000 and falling liquidation volumes could signal early signs of market recovery.
February 6, 2026 14:31:01 UTC
Cardano Founder Charles Hoskinson Says He Lost Over $3 Billion
Cardano founder Charles Hoskinson says he has lost over $3 billion across crypto cycles but refused to cash out, stating it would have been “real easy” to walk away while reaffirming his commitment to long-term blockchain development.
February 6, 2026 14:31:01 UTC
Crypto Market Cap Drops to $2.29T as Investors Enter Extreme Fear Zone
The global cryptocurrency market remained under pressure, with total market capitalization falling to $2.29 trillion, down nearly 4% in the past 24 hours. Investor sentiment weakened sharply, as the Fear & Greed Index dropped to 5, signaling extreme fear in the market. Bitcoin traded near $67,880, while Ethereum hovered around $1,973.
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