Ethereum Falls Over 6% as Bitcoin Dips Below $78K in Market Downturn

On Feb. 4, Bitcoin briefly dropped below $73K and Ethereum near $2,100, deepening the previous day’s losses during ongoing crypto market volatility.

BTC
ETH
SOL

Summary

On Feb. 4, Bitcoin fell to $72,945 before rebounding to $75,953, closing 3.37% lower in 24 hours. Ethereum dropped to $2,110 before recovering to $2,241, while Solana fell below $100. This follows Feb. 3’s dip, when Ethereum slid below $2,300 and Bitcoin traded under $78,000. The total crypto market cap now stands at $2.648 trillion, down 3.3% over the past day, highlighting continued selling pressure across major cryptocurrencies despite intermittent recoveries.

Terms & Concepts
  • SocialFi: A blend of social media and decentralized finance, enabling users to earn rewards through social engagement on blockchain-based platforms.
  • zkSync: A layer-2 scaling solution for Ethereum using zero-knowledge proofs to enable faster and cheaper transactions.
  • Altcoin: Any cryptocurrency other than Bitcoin, often offering unique features or project-specific utilities.