The global cryptocurrency market recorded a day of intense turbulence, with Bitcoin suffering a sharp drop and reaching its lowest value since the election of Donald Trump to the presidency of Estados Unidos. The devaluation reflects growing uncertainty among investors, who react to a complex macroeconomic scenario and ongoing political changes in the world’s largest economy.
This afternoon of February 5, 2026, the main cryptocurrency on the market showed a 10.5% retraction, trading at US$64,917. Este price level had not been seen since the period immediately following the election result, erasing all the gains accumulated in recent months and generating a strong warning signal throughout the digital assets sector.
The instability was not limited to Bitcoin, affecting a wide range of digital assets and shares of companies that have exposure to cryptocurrencies on their balance sheets. The strong correction has reignited debates about the sector’s vulnerability to geopolitical events and monetary policy decisions, putting pressure on companies that have adopted crypto assets as part of their treasury strategy.
Factors driving market instability
The current situation of devaluation is fueled by a combination of factors that increase risk aversion on the part of investors. The main one is the continued uncertainty about the future of monetary policy in the Estados Unidos. With the new administration, speculation about the trajectory of interest rates at Federal Reserve (Fed) leaves the market on alert. The lack of clarity about a possible cut or maintenance of interest rates causes investors to migrate to assets considered safer, penalizing investments with greater volatility, such as cryptocurrencies. Adicionalmente, the scenario is worsened by the reassessment of the high valuations of artificial intelligence companies, which had been attracting a massive volume of capital. The perception that this sector may be overheated leads to a reallocation of resources, with some investors taking profits and seeking other opportunities, which drains liquidity from the crypto market. The appointment of figures like
The ripple effect on companies with exposure to crypto assets
The abrupt fall of Bitcoin had a direct and severe impact on the shares of companies that invested heavily in the digital asset as part of their stores of value. Strategy, one of the best-known institutional buyers of Bitcoin, saw its shares plummet from a peak of $457 to $111.27. Essa drop represents the lowest level since August 2024 and illustrates the strong correlation between the company’s performance and the cryptocurrency’s price. The devaluation reflects the market’s concern about the company’s financial health, whose balance sheets are directly linked to the volatility of the digital asset.
The phenomenon was not restricted to the North American market, demonstrating the global and interconnected nature of the digital asset ecosystem. British Smarter Web, a prominent Reino Unido technology company, saw its shares drop nearly 18% on the same day. No Japão, competitors such as Nakamoto and Metaplanet, which also adopted Bitcoin in their treasury strategies, suffered significant losses, with drops of 9% and 7%, respectively. Esses movements reinforce how the instability of a single asset can generate shock waves in different financial markets around the world.
Scenario analysis and expert perspectives
Faced with the downward movement, market analysts seek to interpret the signals and project the next steps for the cryptocurrency sector.
Nic Puckrin, co-founder of the Coin Bureau platform and a respected industry analyst, described the current moment as a “total capitulation mode.”
According to him, the breach of the psychological barrier of US$70,000 by Bitcoin triggered a mass sell-off, indicating that the market has overcome a simple short-term correction and entered a phase of deeper readjustment.
Puckrin compares the current dynamics to previous bear cycles, suggesting the market may be in a transitional phase that “typically takes months, not weeks,” to stabilize. Essa view points to a prolonged period of volatility before a new uptrend can take hold.
Repercussion in emerging and regional markets
The global turbulence was also felt strongly in emerging markets, where the adoption of cryptoassets has grown as an investment alternative and protection against local inflation.
In the Brazilian market, companies with exposure to the sector recorded losses. Méliuz shares, for example, fell 4.5%, trading at R$3.41.
Likewise, OrangeBTC saw its market value decrease by 5%, closing the day at R$6.47, showing that the wave of sales spread across different geographies and market segments.
Investment strategies in times of downturn
For more conservative institutional investors who want exposure to the cryptocurrency ecosystem without purchasing the tokens directly, digital asset treasury companies (DATs) emerge as a strategic alternative. Essas companies offer a regulated and indirect form of investment, allowing large funds and corporations to participate in the sector’s potential gains with more structured risk management.
However, the very structure of these companies makes them sensitive to market fluctuations. The recent crash has exposed the vulnerability of DATs, which now face the challenge of raising additional capital in a bearish environment to strengthen their positions and continue their token acquisition operations. The future success of these entities will depend on their ability to navigate volatility and convince shareholders of their long-term viability.
The role of monetary policy in the current crisis
The continued uncertainty surrounding Federal Reserve decisions remains a key catalyst for volatility. The lack of a clear timeline for interest rate cuts creates an environment of risk aversion, where investors prefer the safety of traditional assets over speculative investments. Essa dynamics directly affect the flow of capital into the cryptocurrency market, making assets like Bitcoin less attractive in a tight monetary policy scenario. The expectation that the Fed will adopt a tougher stance to control inflation fuels pessimism and contributes to the selling pressure observed in recent days.
Other digital tokens also feel the pressure
The wave of devaluation was not limited to Bitcoin, spreading across the entire digital asset ecosystem. Empresas linked to different blockchains and tokens also recorded significant losses, highlighting the interconnectedness of the sector. Alt5 Sigma, which recently announced the acquisition of WLFI tokens linked to the Trump family, saw its shares fall 8.4%. Sharplink Gaming, with exposure to Ether, fell 8%, while Foremost Industries, holder of Solana, lost almost 6% of its market value.
This widespread drop demonstrates that negative investor sentiment extended beyond the main cryptocurrency, affecting projects and companies in different areas of the crypto universe. The correlation between digital assets intensifies in times of crisis, and risk aversion leads to a widespread liquidation, which impacts everything from the largest cryptocurrencies to smaller capitalization tokens and the companies that hold them in their portfolios.
