📈 Crypto Market News – February 03, 2026
- Market Overview: Full Steam Ahead The crypto market is showing no signs of slowing down on this Tuesday. The global crypto market cap has reached a new local peak of $3.55 Trillion.
Momentum: Asian and European trading sessions were particularly strong today, passing the baton to the US session with high liquidity and green order books.
- Bitcoin (BTC) Breaches $98,000 Bitcoin is now trading at $98,200, officially entering the "Final Resistance Zone" before the historic $100k mark.
Psychology: The "FOMO" (Fear Of Missing Out) is palpable. Retail platforms (Coinbase, Binance) are reporting a surge in new account sign-ups today, a classic indicator of mainstream attention returning.
- Ethereum (ETH) Burn Rate Spikes Ethereum is trading at $3,480, but the real story is on-chain.
Deflation: Due to massive activity on Layer 2s settling back to the mainnet, the ETH "Burn Rate" has hit a 2026 high. More ETH is being destroyed than created today, making the asset net-deflationary and fundamentally scarce.
- Data Availability Sector Rally A niche sector is outperforming today: "Data Availability" (DA) tokens like Celestia (TIA) and Avail.
Narrative: As new high-performance rollups launch, the demand for cheap data storage is skyrocketing. Investors are bidding up DA tokens as the "oil" for this new infrastructure.
- MicroStrategy Buys More Breaking news: MicroStrategy has announced yet another completed convertible note offering, raising $800 Million to acquire more Bitcoin.
Impact: This relentless buying pressure from the corporate giant continues to set a high floor price for BTC, punishing short-sellers who attempt to bet against the trend.
