Crypto Market Plunges: BTC, ETH, BNB, XRP Down Double Digits Amid $2.5B Liquidations
ByAinvest
Friday, Feb 6, 2026 3:13 am ET1min read
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Major cryptocurrencies such as BTC, ETH, BNB, and XRP have experienced double-digit losses, resulting in over $2.5 billion in liquidations across leveraged markets. Market sentiment has hit fear levels last seen during the 2022 Terra collapse, with Bitcoin's price falling to its lowest level since October 2024. Ethereum's price has also dropped to a nine-month low, while BNB fell under $600 before recovering. The market drop has triggered massive liquidations across leveraged markets, with over $2.6 billion worth of positions being liquidated.
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