Crypto Volatility Intensifies: BTC, Altcoins, and Tech Stocks Plunge as Fear Index Remains Extreme

Bitcoin fell to near $60,000 on February 05, 2026, its worst single-day decline in about a decade, with the week’s losses tracking in the double digits. Ether and Solana each lost roughly 25%, while Hyperliquid’s native token rose about 11%. The CoinMarketCap Crypto Fear & Greed Index remains at "extreme fear," reflecting broader digital-asset selloff. Bitcoin ETFs saw $1.25B in net outflows over the past three days, with $434M on February 05. iShares Bitcoin Trust (IBIT) holds an average purchase price of $90,000, implying about $15B in unrealized losses among ETF holders. The price’s recent correlation with the Nasdaq 100 has deepened as AI-driven tech stocks and digital-assets firms like Coinbase (COIN), Robinhood (HOOD), and Circle (CRCL) also posted double-digit declines this week. Gemini (GEMI) announced a restructuring, planning overseas operations shutdown and a 200-employee cut. Analysts note the $60,000 level presents a key trading target; a critical retest above $73,000 is often cited for momentum to resume.