[LIVE] PulseWire Today: Latest Updates for Feb. 06, 2026 – Bitcoin Briefly Drops to $60K as Market Rout Deepens, $2.7B Liquidated in 24 Hours

Bitcoin Ethereum Market

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Author

Jai Pratap

Author

Jai Pratap

Part of the Team Since

Jun 2023

About Author

Jai serves as the Asia Desk Editor for PulseWire.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

Has Also Written

• Strategy Posts $12.4B Loss as Bitcoin Falls Below Cost Basis
• BitMine Faces $7B Unrealized Loss as Ethereum Slides Below $2,100
• [LIVE] PulseWire Today: Latest Updates for Feb. 05, 2026 – BTC and ETH Slide as Crypto Market Dips Over 6%; CeFi Sector Hit Hardest
• [LIVE] PulseWire Today: Latest Updates for Feb. 03, 2026 – BTC, ETH Steady After Sell-Off as Bitcoin Nears $79K, Ether Above $2.3K
• [LIVE] PulseWire Today: Latest Updates for Feb. 02, 2026 – Crypto Markets Extend Losses With ETH Down Over 7%, BTC Slips Below $75K

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

February 6, 2026

The crypto market suffered a sharp, broad-based sell-off on February 6, with Bitcoin briefly slipping below the $60,000 mark as the entire crypto market cap slipped around 9%. According to SoSoValue data, most crypto assets fell between 7% and 14% over the past 24 hours, led by the PayFi sector’s nearly 14% decline. Ethereum is down over 10%, trading at $1,880. The downturn triggered massive liquidations across derivatives markets, wiping out $2.71 billion in positions, more than $2.28 billion from long bets alone, while analysts said Bitcoin’s single-day realized losses hit $3.2 billion, exceeding those seen during black swan events such as the Luna collapse and the FTX bankruptcy.

But what else is happening in pulsewire today? Follow our up-to-date live coverage below.