Bitcoin is trading in a narrow band around $68,000 as markets react to the U.S. Supreme Court's Feb. 20 decision limiting the use of the International Emergency Economic Powers Act for broad tariffs. Within a day, Trump cited Section 122 of the 1974 Trade Act, which can support tariffs of up to 15% for as long as 150 days, leaving traders focused on the policy's built-in timer and its macro impact. The debate over inflation, growth, yields, and dollar strength is keeping Bitcoin range-bound while the legal and economic implications of more than $133 billion in collected tariffs remain unresolved.

On Feb. 5, 2026, the ECB held its deposit facility rate at 2.00% while advancing the digital euro. It estimates about €1.3 billion in development costs and plans a March 2026 call for payment providers, followed by a 12‑month pilot in H2 2027. FT also reports Christine Lagarde may exit before October 2027.

The IRS's new Form 1099-DA introduces standardized reporting for digital asset sales, emphasizing gross proceeds for 2025 activity. Many cost basis fields may remain blank, leaving taxpayers to reconstruct acquisition records across wallets and venues. The rollout is reshaping filing behavior and raising concerns about confusion and potential overpayment as people import forms into tax software.

Keys.lol presents Bitcoin's roughly $1.5 trillion market as a kind of free lottery by continuously generating batches of private keys and corresponding addresses. Each page refresh reveals 90 new keys, but the astronomical size of Bitcoin's keyspace makes the odds of hitting one of the 58 million funded addresses effectively zero, highlighting why brute-force attacks are not a realistic threat.

On Saturday, Ethereum, XRP and the wider crypto market saw a sharp pullback, wiping roughly $100 billion from total market value while Bitcoin declined more moderately. The move coincided with reports of Israeli airstrikes in Gaza and unfolded in thin weekend liquidity, with Ethereum leading liquidations and altcoins generally underperforming BTC. By 3:41 pm UTC on Jan. 31, 2026, Ethereum traded at $2,539.70, down 6.22% over 24 hours, as total crypto market capitalization hovered around $2.73 trillion.

On Jan. 30, 2026, analyst Liam 'Akiba' Wright updated his medium-term Bitcoin bear thesis calling for a potential move toward $49,000, noting that key network and flow metrics look more stressed than when he first outlined it in November. While Bitcoin trades in the low $80,000s, he points to extremely weak fee contribution to miner revenue, negative year-to-date ETF flows exceeding $1 billion, and miners pivoting into AI and HPC hosting as signs of underlying fragility. Wright argues that these structural pressures are building tension beneath the price and could act as a liquidity magnet if Bitcoin eventually drops into the high-$40,000 zone.

U.S. spot Bitcoin ETFs saw $1.29 billion in net outflows from Dec. 15–31, 2025, followed by $681 million in the first full week of Jan. 2026 and a four-day $1.32 billion drawdown from Jan. 20–23. A single-day inflow of $840.6 million hit Jan. 14 as BTC traded above $97,000. The FOMC meets Jan. 27–28, setting a near-term policy test.

Price targets for 2026 range from $75,000 to $250,000, with several institutions anchoring around $150,000 after a December 2025 downgrade. Anticipated ETF inflows span roughly $15 billion to $50 billion, and early 2026 U.S. spot funds briefly added about $1.1 billion in two days before reversing. Bearish views still allow $35,000–$70,000 if demand and macro weaken.

NYSE said it is developing an on-chain platform to trade and settle tokenized U.S. equities and ETFs, and will seek regulatory approvals for a proposed venue built on that infrastructure. According to ICE, the system targets 24/7 operations, instant settlement, dollar-sized orders, and stablecoin-based funding, with post-trade systems capable of supporting multiple chains for settlement and custody.