Crypto Market Plummets — BTC Hits 10‑Month Low as ETH, XRP, DOGE Slide

Published at 2026-02-02 10:15:18

The crypto market plunged on Monday as Bitcoin slid to $74,550 — marking a 10‑month low — and retested a critical support area. Major altcoins were swept lower in the same session: Ethereum, XRP and Dogecoin all recorded steep intraday declines, reinforcing a broad risk‑off tone across spot and derivatives liquidity.

No single trigger has been singled out as the sole cause; technical selling, profit‑taking and wider risk sentiment appear to be combining to intensify pressure. If BTC fails to hold current support, further downside and liquidation cascades could follow, whereas a firm defense could prompt a short relief rally. Given elevated volatility, traders and investors should prioritize risk management and watch volume and funding rates for clues on whether markets stabilize or extend the selloff.

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