Bitcoin Slide Triggers Stock Swings And New Crypto Moves

It’s been a turbulent week for the cryptocurrency world as major digital assets and related stocks faced sharp downturns, while new ventures in the space continue to roll out innovative opportunities for traders. The volatility, which has become almost routine for seasoned crypto observers, was especially pronounced as Bitcoin, XRP, and Ethereum all suffered significant losses, and companies with deep crypto ties saw their valuations fluctuate wildly.

On Monday, February 3, 2026, Bitcoin, the world’s largest cryptocurrency, slipped to $82,400 early in the day, marking a 1.5% drop over the past 24 hours, according to Barron’s. This downturn followed a brief rally the previous Friday, when Bitcoin surged above $90,000 ahead of the first-ever White House crypto summit. The event, anticipated by many to signal a new era of government involvement in digital assets, ultimately left traders wanting more. While President Donald Trump did sign an executive order establishing a strategic Bitcoin reserve, there were no immediate plans for the U.S. government to purchase additional Bitcoin. The lack of a direct buying commitment disappointed crypto enthusiasts and contributed to the market’s subsequent slide.

The effects of Bitcoin’s volatility rippled through the stock market, particularly hitting companies closely tied to the cryptocurrency sector. Shares in MicroStrategy, which recently rebranded itself as Strategy, plummeted 9% in early Monday trading following a 5.6% slump the previous Friday. As Barron’s notes, the company’s stock has seen extreme swings—up or down by more than 5%—on all but two trading days in the past two weeks. Mondays have become especially tough for MicroStrategy, with the stock opening lower for four consecutive weeks, a pattern that mirrors the relentless, round-the-clock nature of crypto trading.

MicroStrategy’s fortunes are closely watched, not just because of its name change to Strategy, but because it stands as the largest corporate holder of Bitcoin, with holdings valued at around $41 billion based on Monday’s prices. The company’s practice of regularly announcing new Bitcoin purchases has become a ritual for market watchers. However, for the second straight week (March 3 to March 9), Strategy did not add to its Bitcoin reserves, a fact confirmed in its Monday update. Despite pausing its buying spree, the company announced ambitious plans to offer up to $21 billion in preferred stock to raise more funds for future Bitcoin acquisitions. Traders and investors alike are eager to see if and when Strategy will resume its headline-grabbing purchases.

The pain wasn’t limited to Strategy. Other crypto-related stocks also took a hit on Monday, with Coinbase Global falling 7.5% and Robinhood Markets down 10%. The broader market reaction underscores the interconnectedness of digital assets and the companies that facilitate their trade, as well as the fragility of sentiment in this high-risk, high-reward sector.

Meanwhile, the cryptocurrency market itself has been battered by a series of steep declines. On February 5, 2026, XRP—a major digital asset—was trading at $1.4404, down 10.02% in a single day, marking its largest one-day percentage loss since October 10, 2025, according to Investing.com. Over the previous week, XRP lost a staggering 23.22% of its value, trading within a band of $1.4312 to $1.8119. Its market capitalization dropped to approximately $87.77 billion, representing just 3.64% of the total cryptocurrency market cap. Despite previous highs, XRP remains down 60.60% from its all-time peak of $3.66, set on July 18, 2025.

Bitcoin and Ethereum, the two giants of the crypto world, weren’t spared either. On February 5, Bitcoin was trading at $70,822.7, down 7.58% on the day, while Ethereum stood at $2,104.31, a 7.61% loss. The market capitalizations for these behemoths were $1.41 trillion (58.46% of the total crypto market) and $253.16 billion (10.49% of the market), respectively. These figures highlight just how dominant Bitcoin and Ethereum remain, even amid widespread sell-offs.

Yet, even as established assets and companies weathered the storm, new initiatives are emerging to capitalize on the evolving landscape. On February 4, 2026, MyCryptoFund (MCF) announced the launch of its funded trader program, offering skilled traders worldwide access to trading capital of up to 200,000 USDT and a minimum 80% share of generated profits, as reported by GlobeNewswire. The platform seeks to identify and empower experienced traders through a structured three-stage evaluation process: a profitability assessment with a 10% profit target and strict risk management, a consistency verification phase with a 5% profit target, and finally, fully funded trading accounts with no profit targets but ongoing risk controls.

MCF’s approach is distinctly crypto-native, operating entirely within the digital asset ecosystem. Traders pay challenge fees, track their performance, and withdraw profits exclusively in USDT, sidestepping traditional banking delays and currency conversions. The company touts a familiar trading interface, mirroring major cryptocurrency exchanges, to ease the transition for participants. To further support trader development, MCF offers a ‘Free Trial’ simulation, allowing would-be participants to test strategies and assess readiness without risking real funds. Onboarding is designed to be swift, with identity verification typically completed within one to three business days and profit withdrawals processed monthly—paid directly to traders’ TRC20 wallets within three days.

Compliance and risk management are central to MCF’s operations. The platform enforces strict KYC procedures, anti-fraud monitoring, and prohibits access from sanctioned jurisdictions. Its tiered funding model and performance-driven structure aim to bridge the gap between skilled traders and accessible capital, all while maintaining a transparent and fair environment. As MCF’s spokesperson put it, the goal is to “create a transparent, fair, and globally accessible funding opportunity that rewards performance and disciplined risk management.”

The recent market turbulence serves as a stark reminder of the risks inherent in cryptocurrency trading and investing. The sponsored content from GlobeNewswire underscores this point, cautioning readers that “cryptocurrency and mining-related activities carry risks, including the potential loss of capital, and readers are encouraged to conduct their own research and seek professional advice where appropriate.”

As the crypto sector matures, the interplay between government policy, corporate strategy, and individual opportunity continues to shape its trajectory. The week’s events—from the White House summit’s muted impact to the launch of new trader-focused platforms—showcase both the challenges and the relentless innovation that define the digital asset space. For participants and observers alike, staying nimble and informed remains the order of the day.