{"id":4385,"date":"2026-02-06T19:45:00","date_gmt":"2026-02-06T16:45:00","guid":{"rendered":"https:\/\/evercodelab.com\/blog\/?p=4385"},"modified":"2026-02-09T19:57:35","modified_gmt":"2026-02-09T16:57:35","slug":"evercode-lab-weekly-crypto-news-digest-06-02-2026","status":"publish","type":"post","link":"https:\/\/evercodelab.com\/blog\/evercode-lab-weekly-crypto-news-digest-06-02-2026\/","title":{"rendered":"Evercode Lab Weekly Crypto News Digest 06\/02\/2026"},"content":{"rendered":"\n

Yes, this week has clearly not passed unnoticed by crypto holders, investors, and traders. But we want to say right away, in addition to the strong drop in Bitcoin, many good and even useful events have happened!<\/p>\n\n\n\n

It’s time to analyze the market over the past week along with our weekly crypto news digest.<\/strong><\/p>\n\n\n\n

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Hot news \u2013 did you know that with our white-label solutions<\/strong><\/a>, you can develop and launch your own crypto or Web3 product faster, easier, and with full technical support at every stage: from concept to release!<\/p>\n<\/blockquote>\n\n\n\n

Bitcoin Falls Below $70,000<\/strong><\/h2>\n\n\n\n

On February 5, Bitcoin dropped below the $70,000<\/strong> mark this week, triggering renewed discussions around market stability and short-term risk. At the time of publication, its price is about $68,788<\/strong><\/a>.<\/p>\n\n\n\n

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Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n\n\n\n
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The decline came amid broader macroeconomic uncertainty<\/strong> and profit-taking after a strong rally earlier this year. <\/p>\n<\/blockquote>\n\n\n\n

LMAX Group Strategist, Joel Kruger, pointed<\/a> out signs of investor concern. According to experts, technical indicators<\/strong> suggest a deep oversold condition, and the cryptocurrency market has reached extreme levels of fear and uncertainty.<\/p>\n\n\n\n

As a result, a “demand vacuum”<\/em> has formed in the market: trading volumes are falling, capital inflows have dried up, and investors are recording losses. Glassnode analysts have recorded<\/a> a large-scale loss fixation. On February 4, the daily realized loss amounted to $889 million.<\/strong><\/p>\n\n\n\n

From an on-chain perspective<\/strong>, there were no signs of structural weakness in the network itself. Instead, the move appears largely sentiment-driven, with leverage being unwound and short-term traders exiting positions. <\/p>\n\n\n\n

For long-term holders<\/strong>, the pullback is being viewed as a corrective phase rather than a trend reversal, though volatility is likely to remain elevated in the near term.<\/p>\n\n\n\n

Bitget Launches a \u201cZero-Risk\u201d Promotion for New TradFi Users<\/strong><\/h2>\n\n\n\n

Crypto exchange Bitget announced<\/a> a new promotional campaign <\/strong>aimed at users from traditional finance platforms. This promotion will be dedicated to new users of the TradFi platform from the CIS countries and Ukraine.<\/p>\n\n\n\n

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The initiative allows new participants to try crypto trading with minimal or no downside risk, effectively lowering the entry barrier for first-time users. In case of losses, they will receive compensation of up to 20 USDT<\/strong>, according to a press release.<\/p>\n<\/blockquote>\n\n\n\n

The total fund is 10,000 USDT.<\/strong> Compensation is distributed on a first-come, first-served basis in the form of a trading bonus \u2013 each user can receive up to 20 USDT.<\/p>\n\n\n\n

To participate, you must<\/a>:<\/strong><\/p>\n\n\n\n