According to their assessment, such a rapid weakening of momentum has historically occurred during periods of real market pressure, rather than during ordinary corrections.

Ethereum is still trading below the $2,000 mark, having fallen by 3.5% over the past 24 hours. During the day, intraday trading volumes decreased by 27.14% to $20.96 billion.

After falling from a level above $116 to $72, the price of silver has now risen again to $85. Drawn by this volatility, traders on the Polymarket prediction platform are actively placing bets on where the precious metal will move next.

Considering that since the beginning of 2026 Ethereum has fallen by 34.88%, while Bitcoin has lost 23.47% of its value and XRP — 24.59%, Polymarket users do not show clear optimism regarding the ETH price by the end of February and are cautiously betting on a decline.

According to their estimates, the drop in quotations indicates the end of the market euphoria phase and a transition into a classic bear cycle that may last until the end of the year.

According to Mow, the drop in bitcoin on February 5 may have indicated a deeper shift in the market structure. The previous cyclicality that investors relied on for years is losing relevance and no longer explains the current price movements.

The company said it sold cryptocurrency on the open market for USDT stablecoins at an average price of about $68,000 per BTC, which generated proceeds of approximately $305 million.

Analysts at the research and brokerage firm Bernstein maintained their optimistic outlook on Bitcoin, considering the current BTC price decline to be the least significant.

According to analysts, investors are now closely monitoring bitcoin’s behavior at price levels that were established before the U.S. presidential elections.

Fears of a cycle repetition may become a self-fulfilling prophecy, believes Vetle Lunde, head of research at K33. Long-term holders are reducing positions to protect previously earned profits, while new capital is reluctant to enter the market — this increases selling pressure, resembles past downturns, and triggers panic among investors.

Cryptocurrency

Despite Ethereum’s (ETH) price dropping by 26.5% since the beginning of 2026 to the current $2,202, artificial intelligence predicts that the altcoin may set a new all-time high by the end of the year.

According to Rasmussen, the current stagnation is only a temporary phase before a fundamental shift in the structure of digital asset ownership. The growth of the leading cryptocurrency will not be a random spike, and by 2029 BTC may surpass gold in market capitalization, the analyst believes.

According to Hougan, the current situation resembles the crypto winters of 2018 and 2022, when the overall decline continued despite positive news — growing cryptocurrency adoption and improving attitudes from the authorities of major countries.

Bitcoin will reach a local minimum around $60,000 in the first half of the year, analysts believe. Although short-term volatility may persist, experts expect a reversal and the beginning of Bitcoin’s growth.

Ripple’s Chief Technology Officer David Schwartz shared his thoughts on the future prices of cryptocurrencies, especially XRP. Not being a fan of making loud statements, as Schwartz wrote, he reminded his followers that markets have surprised people before. For example, he once considered it unlikely that XRP would trade at $0.25, but it happened.

The recent decline in Bitcoin may be creating a rare long-term entry opportunity, with Bernstein arguing that the current pullback could be the “last opportunity before Bitcoin rises as a sovereign asset.”