7 Facts about Bitcoin’s Decline and Gold Price Fall on February 6, 2026

Updated

February 6, 2026

Jakarta, Pintu News – Global financial markets in early 2026 showed great stress across various asset classes, including cryptocurrencies such as Bitcoin , Ethereum , XRP, Dogecoin , and safe-haven instruments such as gold. As BTC plunges below US$66,000 (approximately Rp1.12 billion), various macroeconomic factors are influencing market behavior and investor sentiment. Here are seven key facts that shed light on the situation and its implications for crypto investors and the broader market.

1. Bitcoin (BTC) drops significantly due to global pressure

Bitcoin briefly dipped below US$66,000 from levels above US$70,000 after market liquidity weakened and a major sell-off in the global tech sector. This decline reflects the high volatility in the crypto market and the strong correlation between risk assets and macro sentiment.

This kind of volatility often pushes down technical support levels and triggers further sell-offs, making many market participants refrain from buying at low levels. In situations like this, new investors need to understand that short-term movements can be very sharp without clear reversal signals.

Also Read: 5 Crypto that Whale is Eyeing in February 2026, Quietly Accumulating Amid Volatility

2. Altcoins Like ETH, XRP and DOGE Also Affected

Besides BTC, other assets such as Ethereum (ETH), Ripple , and Dogecoin (DOGE) followed the downtrend. XRP was recorded dropping below the US$1.40 psychological level while many other altcoins lost important price support.

Altcoins are usually more vulnerable to sharp declines because their market capitalization is smaller than BTC, so when Bitcoin is depressed, this pressure often spreads to the rest of the crypto market. Investors holding altcoins need to be aware that the risk of price correlation is high in bear market phases.

3. Liquidation of Leverage Positions Accelerates Decline

Bitcoin’s sharp sell-off triggered a major liquidation in the crypto derivatives market. Leveraged long positions targeting quick profits were hit by automatic stop-losses, resulting in the liquidation of hundreds of millions of dollars in a matter of days.

This forced liquidation adds to the selling pressure and pushes the price down further as selling volume increases while buyers wait for a reversal signal. This illustrates the importance of risk management especially when using high margins.

4. Crypto Market Sentiment Gets More Negative

Investor sentiment in the crypto market has become increasingly bearish due to a combination of selling pressure, high volatility, and a lack of short-term positive catalysts. The Fear & Greed index for crypto assets shows high fear, reflecting widespread pessimism among traders.

Negative sentiment like this can prolong the downward phase of prices if not accompanied by strong fundamental news or support from new positive catalysts, such as institutional adoption or clear regulatory policies.

5. Falling Gold Price is a Macro Risk Indicator

gold price 1 mayam in tembilahan today — Generated by AI

Not only did risky assets like cryptocurrencies fall, gold prices also came under significant pressure in the same period. Gold prices fell by about 3.9 percent, which was partly due to a stronger US dollar and higher bond yields.

Gold’s decline amid market turmoil points to unusual global risk dynamics, as gold is usually considered a safe-haven asset when markets experience turbulence. This indicates that macro concerns are affecting all asset classes.

6. Relationship Between US Dollar, Interest Rates and Risk Assets

A strengthening US dollar and expectations of interest rates remaining high prompted investors to shift capital from riskier assets to more stable instruments. This puts pressure on crypto and gold, as both asset classes tend to be negatively correlated with a strong dollar.

When real interest rates increase, the opportunity cost of holding yieldless assets like gold and crypto becomes higher, so demand may decrease. Investors need to understand this relationship to assess overall portfolio risk.

7. Implications for Beginner Investment Strategies

In this market environment, a conservative investment strategy and understanding of risk management is crucial. Portfolio diversification, setting risk limits and avoiding high leverage can help reduce the impact of volatility.

Education on asset correlations, macroeconomic dynamics, and technical indicators is important for making rational decisions. Investors who understand the macro context and fundamentals tend to be better prepared for a down phase like the current one.

Also Read: 3 Crypto Underrated in February 2026 that Investors are Starting to Look at, Not Just Hype!

Follow us on Google News to stay up to date with the latest crypto and blockchain technology. Check Bitcoin price, USDT to IDR and Nvidia stock price tokenized via Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.