The BTC exchange rate could not support the growing momentum and slid back to 26,654 USD.
Once again, the same scenario is developing in the digital asset market. The price of the flagship cryptocurrency gradually drops, and the market starts buying vigorously. The value rises by 4-5%, and then just as quickly falls back down within two days.
This will continue until the market has a clear buying driver.
Such a catalyst could be the news about the approval by the US Securities and Exchange Commission (SEC) of applications for bitcoin-ETF licencing. But the information on this matter will only be available in mid-October.
The marks of support levels are relevant again. These include 25,500 USD and 25,150 USD, with resistance at 27,800 USD. Another growth attempt to break through resistance has failed.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
The cryptocurrency market capitalisation has dropped to 1.06 trillion USD. The BTC share is still at 49.2%, while the share of ETH has declined to 18.2%.
The value of ARK has fallen sharply
The price of one of the most discussed tokens on the market, ARK, has dropped markedly, with the quotes losing 20% in 24 hours. The capitalisation of the coin decreased to 100 million USD.
Polygon introduces Pokémon NFTs
Polygon blockchain has launched NTF cards featuring legendary anime Pokémon, and they sold out at once. The original cost of these cards increased ten times, with 175 cards being sold within seconds.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

- Bitcoin has dropped below $70,000. The Bank of Mexico held its rate at 7% Feb 6, 2026
- Gold Closes with a Decline for the Second Week in a Row: Fewer Risks Feb 6, 2026
- The British Index has hit a new all-time high. Silver has plummeted by 16% Feb 5, 2026
- GBP/USD Under Local Pressure: Focus on Bank of England Signals Feb 5, 2026
- Bitcoin has plummeted to a 14-month low. Silver jumped by more than 10% Feb 4, 2026
- Gold is Back in the Black: Geopolitics Dictates Conditions Again Feb 4, 2026
- US natural gas prices collapsed by 21%. The RBA raised its interest rate by 0.25% Feb 3, 2026
- What goes up must come down… Feb 2, 2026
- Donald Trump appoints a new successor for the Fed chair. Precious metals hit by sell-off Feb 2, 2026
- USDJPY Realises Correction: BOJ Policy Weighs on Yen Feb 2, 2026