Bitcoin falls below $61,000

Top news and prices for the major cryptocurrencies.

Bitcoin plunges to 15-month low. Bitcoin fell below the critical $70,000 threshold for the first time in over a year last Tuesday, triggering a steep sell-off that accelerated throughout the trading day, according to CoinGecko data. Bitcoin found support near the key $60,000 level on Friday, staging a modest rebound after a recent sell-off. However, some analysts warn that downward pressure may persist. The cryptocurrency had dipped below $61,000 late Thursday, testing the psychologically important $60,000 threshold before stabilizing. By early Friday, Bitcoin had pared some losses, trading around $66,015. The dramatic decline marks a fall of more than 50% from Bitcoin’s all-time high of $126,080, reached just under four months ago on 6 October, 2025.

Gemini winds down its operations in the UK, the European Union, and Australia. Cryptocurrency exchange Gemini announced a significant strategic retrenchment on Thursday, detailing plans to exit the United Kingdom, the European Union, and Australia entirely. Concurrently, the company will reduce its global workforce by approximately twenty-five percent. The moves were disclosed in a corporate blog post authored by founders Tyler and Cameron Winklevoss. They framed the decisions as a necessary refocusing of the company’s resources and operational footprint toward its core market, the United States. According to the founders, the decision to withdraw from the three major international regions stemmed from an assessment that the demand in those markets no longer justified the escalating costs and regulatory complexity involved.

January crypto thefts near $400 million in dramatic surge. Cryptocurrency theft reached $370.3 million in January, marking the highest monthly loss in nearly a year. This figure represents a near quadrupling of the value stolen compared to January of the previous year. Security firm CertiK reported Saturday that a single social engineering scam was responsible for the bulk of the losses. Out of 40 total incidents recorded in January, one victim accounted for approximately $284 million of the stolen funds. Phishing schemes proved to be the most costly attack vector throughout the month. These scams were responsible for $311.3 million of the total, constituting a significant majority of the overall stolen amount.

Ripple obtains full Electronic Money Institution licence in Luxembourg. Ripple secured final approval from Luxembourg’s financial regulator on Monday for a full Electronic Money Institution licence. This decision converts a preliminary approval that was granted on 14 January. The authorisation permits the company to expand its payments and digital asset services across the entire European Union, according to a statement from the San Francisco-based financial technology firm. The licence, issued by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), gives Ripple a regulated gateway to provide its blockchain-based payment services to European businesses.

White House crypto summit ends in deadlock, stalling US legislation. A high-level meeting at the White House failed last Monday to resolve a protracted stalemate between traditional banking giants and the digital asset industry, according to a Reuters report on Tuesday. The impasse leaves landmark US crypto market structure legislation blocked, with no clear path forward. The closed-door discussion, organised by the White House's crypto council, assembled key players from both the banking and cryptocurrency sectors. Participants from the American Bankers Association, the Independent Community Bankers of America, the Blockchain Association, and The Digital Chamber attended. Despite the gathering being described by attendees as constructive, no breakthrough was achieved. The fundamental disagreements that originally derailed the legislative bill remain firmly in place.

CME Group considers launch of own token for financial market infrastructure. The chief executive of CME Group, the world's leading derivatives exchange, revealed the institution is actively considering the launch of its own digital token as part of a broader exploration of how tokenized assets can function as collateral within financial markets. Speaking on a recent company earnings call, CEO Duffy stated that CME is conducting a comprehensive review of different forms of margin, including tokenized cash and a prospective CME-issued token that could operate on a decentralized network.

Best performing crypto in the top 10 over the last week: USDT (+0.08%)

Best performing crypto in the top 100 over the last week: MYX Finance (+18.26%)

As of February 6, 2026, 08:45 CET

The market's volume has reached $354.584 billion over the past 24 hours.

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