Odaily Planet Daily reported on January 31 that House Democratic Leader Hakim Jeffries stated they would not help Republicans pass a federal government funding bill through a fast-track process. US media pointed out that Jeffries' statement suggests the US government shutdown may last longer than expected. The US Senate passed funding bills for several federal departments for the remainder of the fiscal year on January 30, and the bills will be sent to the House for consideration. However, the House is currently in recess and may vote on the funding bill as early as February 2. It is reported that the operating funds for several federal departments, including the State Department and the Pentagon, were exhausted on January 30, thus the US federal government entered a partial shutdown starting at midnight on January 31. (Jinshi)

Huoxun Finance News, February 1st - According to Cointelegraph, analyst PlanC stated that Bitcoin's drop of approximately 7% to $77,000 may mark the low point of this cycle. "We are very likely experiencing another major sell-off low. The final low seems to be between $75,000 and $80,000," said Bitcoin advocate and financial accountant Rajat Soni. He noted that Bitcoin's drop to $77,000 occurred during one of the most volatile periods in the crypto market this week and warned traders not to overreact. "Never believe the weekend rally; Bitcoin will bounce back when you least expect it." Meanwhile, other crypto analysts continue to predict further declines for Bitcoin in the coming months. Veteran trader Peter Brandt recently predicted that Bitcoin's price could fall to $60,000 by the third quarter of 2026. Crypto analyst Benjamin Cowen stated that the market cycle low for Bitcoin may occur in early October, but he "expects several rallies before that." Meanwhile, Jurrien Timmer, head of global macroeconomic research at Fidelity, said 2026 could be a "bottom year" for Bitcoin, with prices potentially falling to $65,000.

According to Huoxun Finance on February 1, OnchainLens reported that Trend Research deposited 10,000 ETH (worth $24.35 million) into Binance, likely to repay a loan.

Bitcoin briefly fell below $76,000 in thin weekend trading, a pullback of about 40% from its 2025 high, marking its longest monthly losing streak since 2018. Market analysts point out that this decline was not triggered by panic selling or systemic risk, but rather by a combination of disappearing buying pressure, shrinking liquidity, and weakening confidence. Data shows that Bitcoin has been slow to react to geopolitical tensions, a weaker dollar, and rebounds in risk assets, and recent sharp fluctuations in precious metals have not brought about a rotation of funds. Spot ETFs continue to see net outflows, institutional buying has cooled significantly, and market depth remains more than 30% lower than its October high last year. Analysts generally believe that the correction cycle is not yet over. Kaiko predicts that Bitcoin may need another 6 to 9 months to see a substantial recovery; some institutions also warn that Bitcoin may struggle to reach new highs within the next 1,000 days. Overall, price, correlation, and market sentiment are all under pressure simultaneously. (Bloomberg)

According to OKX market data, ETH has fallen below 2400 USDT, currently trading at 2399.6 USDT, a 24-hour drop of 10.88%. (This news item was generated with AI assistance.)