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This Week’s Summary
- The cryptocurrency market looks set to end the week at a total market capitalization of around $2.41 trillion.
- Bitcoin’s trading value decreased to around $71,200.
- Ethereum decreased by nearly 9% to trade at around $2,100.
- XRP moved down 9%, Solana moved down 13%, and Dogecoin moved down 7%.
- Almost all altcoins have been seen trading in the red, with almost no exceptions.
- The DeFi sector saw total value locked (TVL) decline to about $99 billion.
Crypto Market Trends for the Week of Feb. 2-8, 2026: Market Analysis and Performance
The cryptocurrency market looks poised to close one of its worst weeks in recent history. Massive liquidations, widespread fear, uncertainty, and doubt, and increasing international economic turmoil have all brought the cryptocurrency market to pre-Trump numbers.
Most cryptocurrencies have recorded double-digit losses, and all sectors have been deep in a tumultuous bloodbath. A small recovery occurred over the weekend, but it was too small to make any real waves. The overall market capitalization lost over $240 billion in the past seven days.
Bitcoin has recently been seen trading at a little over $71,000. However, for most of the week, the king of cryptocurrency struggled to stay above the $60,000 mark. BTC fell to $60,800 on Friday, sparking increasing concern of a potential drop to $50,000. At the end of a troublesome week, Bitcoin recovered just enough to prevent more fear, uncertainty, and doubt. However, its recovery did little to help the rest of the market.
Ethereum has been slowly but steadily heading below the $2,000 threshold. The second cryptocurrency in command lost another 9% this week and over $1,000 in the past ten days. If this trend continues, ETH will likely soon struggle to remain above the $1,000 mark.
Altcoins & DeFi
Most altcoins have been seen trading in the red, though there are still some exceptions to take note of. For example, XRP moved down 9%, Solana moved down 13%, Cardano moved down 5%, Avalanche moved down 17%, Sui moved down 10%, Chainlink moved down 7%, and TRON moved down 2%. On the other hand, Hyperliquid rose by 10%.
The memecoins have also shifted in interesting ways in recent trading. For instance, Dogecoin shifted down 7%, Shiba Inu shifted down 7%, and Pepecoin shifted down 8%.
The Metaverse sector similarly witnessed some notable movements over the past week. For instance, Axie Infinity fell down by 27%, The Sandbox fell down by 13%, and Floki fell down by 7%. Meanwhile, Decentraland shifted down 9%, Render shifted down 8%, and ApeCoin shifted down 12%. MultiversX dropped by 1% and Virtuals by 4%. Meanwhile, Stacks increased by 7%.
The DeFi sector lost nearly $9 billion from the total value locked in protocols (TVL), bringing the total to about $99.54 billion.
What’s in the News?
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Tether’s USDT stablecoin reached a market capitalization of $187.3 billion in Q4 2025, which marked the eighth consecutive quarter of adding more than 30 million users.
Next Week’s Crypto Market Forecast
The cryptocurrency market has been stuck in a severe downtrend, as most cryptocurrencies have lost all of their hard-earned 2025 gains. Moreover, it seems that institutional investors have also been selling at an alarming rate. If this disappointing movement continues, the market could revert to pre-2024 prices very soon.
About the Author
Born and raised in Romania, and currently living in Spain, Iulian discovered a knack for writing from a tender age, and he even won some minor awards for fiction that didn't pay much.
Iulian became a content writer in 2011, and he is still doing it to some degree of success today. He is currently specialized in cryptocurrencies, technology, online marketing, and social media. In his free time, Iulian likes reading, traveling, and watching sports.
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