Bitcoin’s Descent to 15-Month Lows
Bitcoin, the flagship cryptocurrency, has recently experienced a substantial decline, reaching its lowest price point since November 2024. On February 3, 2026, Bitcoin’s value plummeted to approximately $73,000, marking a significant downturn from its previous highs. This sharp decrease is attributed to a combination of factors, including large-scale liquidations and a broader market sell-off. Data indicates that nearly $740 million worth of bullish positions were liquidated over a 24-hour period, as falling prices triggered margin calls and forced traders to unwind positions. ([en.apa.az](https://en.apa.az/cryptocurrency/bitcoin-price-today-down-at-76k-after-hitting-15-mth-lows-on-heavy-liquidations-490754?utm_source=openai))
The decline in Bitcoin’s price is also reflective of a broader retreat in digital asset markets, driven by investor caution and significant liquidation events. The global cryptocurrency market cap has fallen significantly amid geopolitical concerns and risk-averse investor sentiment. ([en.yenisafak.com](https://en.yenisafak.com/economy/bitcoin-slides-to-73000-marking-lowest-price-in-over-15-months-3714141?utm_source=openai))
Solana’s Struggle to Maintain Key Support Levels
Solana (SOL), a prominent altcoin, has also faced considerable challenges in maintaining its price stability. As of early February 2026, SOL’s price has dipped below the critical $100 support level, trading around $97.05. This decline represents a daily decrease of approximately 5.92% and underscores the heightened volatility within the cryptocurrency market.
Analysts have identified the $100 mark as a crucial support level for Solana. A sustained close below this threshold could weaken the asset’s structure, potentially shifting focus toward lower demand zones in the $92–$95 range. Further selling pressure might even drive the price toward $85 if the bearish momentum continues. ([coinpedia.org](https://coinpedia.org/price-analysis/solana-price-faces-crucial-test-at-100-as-downside-risk-builds-below-80-whats-next/?utm_source=openai))
Broader Market Implications and Investor Sentiment
The recent downturns in both Bitcoin and Solana are indicative of a larger trend affecting the cryptocurrency market. Factors such as geopolitical tensions, macroeconomic uncertainties, and a shift toward risk-averse investment strategies have contributed to the current market conditions. The partial shutdown of the U.S. federal government, delaying the release of major economic data, has further aggravated investor caution. ([marketscreener.com](https://www.marketscreener.com/news/bitcoin-falls-below-73-000-hitting-its-lowest-level-since-november-2024-ce7e5adad98ff523?utm_source=openai))
In this environment, investors are advised to exercise caution and conduct thorough research before making investment decisions. The cryptocurrency market’s inherent volatility necessitates a well-informed approach, especially during periods of significant price fluctuations.
Conclusion
The recent price declines of Bitcoin and Solana highlight the dynamic and often unpredictable nature of the cryptocurrency market. While these assets have previously demonstrated resilience and the capacity for recovery, current market conditions suggest a need for vigilance and strategic planning among investors. Monitoring key support levels and staying informed about broader economic indicators will be essential in navigating the ongoing market volatility.
