February 6 Crypto Price Predictions: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR

Bitcoin (BTC) and Ethereum (ETH) continued to face pressure in early February 2026, with both cryptocurrencies trading below critical psychological levels. Bitcoin dipped below $75,000 for the first time since April 2025, while Ethereum fell toward $2,400 after a week of heavy selling. Altcoins such as XRP and Solana (SOL) saw modest ETF inflows, outperforming Bitcoin and Ethereum in January 2026.

Market dynamics have shifted, with institutional investors pulling capital out of BTC and ETH ETFs. In January alone, Bitcoin ETFs recorded a $1.61 billion outflow, while Ethereum ETFs saw $353.20 million in outflows. Analysts are watching the $70,000 support level for Bitcoin and the $2,100 level for Ethereum as key turning points.

The bearish trend has been fueled by macroeconomic uncertainty and a shift in institutional investment flows. Over $2.5 billion in Ethereum positions were liquidated in a single day, signaling a significant loss of confidence among traders.

Why Did This Happen?

The decline in Bitcoin and Ethereum prices has been attributed to a combination of factors. First, macroeconomic conditions have deteriorated, with increased volatility in traditional financial markets affecting risk-on assets. The Federal Reserve's recent hawkish stance has also impacted investor sentiment.

Second, institutional investors are reallocating capital to altcoins and infrastructure-focused tokens, particularly in the Bitcoin Layer 2 (L2) space. Bitcoin Hyper (HYPER) has raised over $31 million in presale funding, promising faster smart contracts and integration with the Solana Virtual Machine (SVM).

Third, ETF flows have shifted. While Bitcoin and Ethereum ETFs have seen outflows, Solana and XRP ETFs recorded inflows in January 2026. Solana ETFs led the way with a $104.73 million net inflow, while XRP ETFs brought in $15.59 million.

How Did Markets React?

Market participants are closely monitoring key support levels for both Bitcoin and Ethereum. Bitcoin is now below the 50-week moving average and must defend the $70,000 level to avoid further selling pressure. Analysts have pointed to $71K to $75K as a crucial support floor.

Ethereum, on the other hand, is testing the $2,100 level as a potential support zone. If it fails to hold here, the next target is $1,800. The Relative Strength Index (RSI) is near oversold territory, but the absence of buying volume suggests a bottom may not yet be in place.

XRP and Solana have also shown resilience. XRP ETFs experienced a net inflow of $15.59 million in January 2026, while Solana ETFs brought in $104.73 million.

What Are Analysts Watching Next?

Analysts are watching for potential catalysts that could trigger a recovery in Bitcoin and Ethereum. One possibility is a shift in macroeconomic conditions, including Federal Reserve rate cuts and increased liquidity injections. If these conditions improve, models from Bernstein and Standard Chartered suggest a potential rebound to $180K to $200K for Bitcoin by mid-2026.

Another key factor is regulatory developments in the U.S. Senate. The Digital Asset Market Clarity Act, which seeks to establish a regulatory framework for crypto, is currently stalled due to disagreements over stablecoin yield restrictions and token definitions. Treasury Secretary Scott Bessent has urged lawmakers to pass the legislation, calling it "very good regulation."

Meanwhile, Bitcoin Hyper and other Layer 2 projects are attracting speculative capital. The integration of SVM with Bitcoin could offer faster transaction speeds and improved smart contract capabilities, addressing two major pain points in the Bitcoin ecosystem.

In the near term, Bitcoin must defend the $70,000 level to prevent further downside. A sustained break below $85,000 would invalidate the current bullish structure. Ethereum traders are also watching the $2,100 level closely, with a potential drop to $1,800 if support fails.

The regulatory landscape remains a wildcard. If the Senate can reach a compromise on the Clarity Act, it could provide much-needed clarity for the crypto industry and potentially boost investor confidence. However, if disagreements persist, the regulatory uncertainty may continue to weigh on prices.

Investors are also watching for signs of a broader market recovery. The Fear & Greed Index has fallen into the "Extreme Fear" zone, a level last seen during the 2022 bear market. While this is often a contrarian signal, the current macroeconomic environment suggests a recovery in the Nasdaq may be needed before crypto can see a sustained rebound.

In summary, the market remains highly volatile with Bitcoin and Ethereum facing significant downside risks. Altcoins and Layer 2 projects are attracting attention as investors seek alternatives to holding spot BTC and ETH. Regulatory clarity and macroeconomic stability will be key factors in determining the next direction for the crypto market.