ETH Price Drops to $2,048 Amid Crypto Sell-Off, BTC Recovers
ByAinvest
Friday, Feb 6, 2026 4:58 pm ET1min read
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The cryptocurrency market is experiencing a sell-off wave, with Ether (ETH) price falling below $2,200 and Bitcoin (BTC) recovering from its decline. The ETH decline has pushed BitMine Immersion Technologies' paper losses to $7 billion. Meanwhile, BTC has risen 15% from $60,000 to $68,000. The recent winter storm in the US has also reduced public miners' daily BTC production from 70-90 to 30-40 BTC. Miners are pivoting to AI with the CoreWeave model, which received a $2 billion investment from Nvidia.
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