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In testimony before the US Congress, US Treasury Secretary Scott Bessent said that the US will retain BTC acquired in asset seizures. Yet, he added that there will be no attempts to bail out BTC during a market downturn by directing banks to purchase more assets.
Other crypto market news today remained bearish. The overall global crypto market recap confirmed that the downturn will likely continue as Bitcoin itself fell to $71K and major altcoins lost key support levels.
In the meantime, DeepSnitch AI raised $1.48M in presale, indicating that many traders are favoring presale projects in favor of major assets.
Centered on utility, the mass appeal of the AI agent prediction suite pushed DeepSnitch AI investors to anticipate 100x post-launch.
No Bitcoin bailouts
US Treasury Secretary Scott Bessent testified before Congress on Wednesday, confirming that the US will not direct private banks to buy more BTC during market downturns, but the government will hold on to BTC seized through asset forfeitures.
California Congressman Brad Sherman was the individual who raised this question, asking if the FOMC or the Treasury could “fix” Bitcoin’s price via reserve changes.
Bessent reiterated he has no authority to do that either as the Secretary of the Treasury or chair as FSOC.
The testimony updates the Bitcoin strategic reserve, created by Trump’s March 2025 executive order. It limits new acquisitions to forfeitures or budget-neutral methods (e.g., converting existing reserves like petroleum or metals), with no open-market purchases or added costs.
Overall, even this tidbit of the crypto market news today could be considered bearish, as many traders anticipated the US Government to double down on Bitcoin.
Altcoins to keep an eye on in 2026
1. DeepSnitch AI: Is DSNT the best presale coin in 2026?
Although the crypto market news today informed traders about positive developments in crypto, it’s impossible to ignore that most majors are losing their footing. For instance, the recent sentiment analysis shows that the market is deeply drenched in fear, at least according to major Fear and Greed indexes.
However, DeepSnitch AI presents something that most majors are unable to provide in the current market: resilience against momentary pullback.
Due to its presale status, DeepSnitch AI can maintain a trajectory much better, as it may not be as affected by volatility. Case in point, it already raised $1.48M at $0.03830.
While 100x projections are a welcome sight, the project delivers real edge to retail traders: an AI-powered platform with five specialized agents that score trading risks, audit smart contracts, and monitor social sentiment shifts in real time.
The simplicity is key here, as you can just paste a CA into the LLM-style interface and receive a risk assessment, but also keep an eye on early FUD and sentiment shifts.
Community conviction is at an all-time high, with widespread 100x calls fueled by anticipation of another major ecosystem update and exclusive DeepSnitch AI early-stage bonuses.
2. Hyperliquid: Will HYPE’s pump continue?
According to CoinMarketCap, HYPE recovered to $33 on February 5.
Hyperliquid’s price action summary remained solid despite the crypto market news today feeding the bearish sentiment. After piercing the $35.50 resistance on Tuesday, HYPE logged a serious recovery, despite selling on the higher levels.
If buyers hold ground and prevent much pullback, the odds of a clean break above $35.50 could grow exponentially. If the rally continues, HYPE could surge to $44.
On the downside, a sharp rejection from current levels that breaks below the 20-day EMA of $28.79 would indicate continued consolidation and push $20.82 for the near term.
3. Monero: Will XMR pullback end soon?
XMR corrected to the $365 level on February 5, according to CoinMarketCap.
A turn down from current levels would confirm that the sentiment remains negative, as crypto market news today fuels sell-offs. If this happens, the $360 support could break and push XMR into freefall toward the $320 support.
Yet, pushing higher and closing above the uptrend line could allow buyers to target $500. While sellers are expected to enter the picture here, the market sentiment will favor the bulls.
Final words: Maintain your momentum
The bearish crypto market news today will lead you to believe that no money can be made in the market at the moment. This may be true if you’re limited to major coins or questionable new meme coins. However, DeepSnitch AI offers something different.
Not only can DeepSnitch AI serve as a strong hedge against the current chaos, but it can also help you see gains that could go as high as 100x.
This narrative becomes even more robust with the latest presale codes. Applying DSNTVIP30 at checkout on investments of $2K+ will provide 30% extra tokens (roughly $600), and the whale-friendly DSNTVIP300 will unlock 300% tokens at $30K+ for a whopping $90 in value.
Maintain your momentum with the DeepSnitch AI presale now and follow X or Telegram for fresh updates.
FAQs
1. What are the key highlights in crypto market news today?
Bitcoin dropped to $71K with majors losing support, Treasury Secretary Bessent confirmed no BTC bailouts or bank purchases. Fear dominates, pushing traders toward resilient presales like DeepSnitch AI, which raised $1.48M.
2. Why is DeepSnitch AI attracting attention amid the downturn?
DeepSnitch AI raised $1.48M at $0.03830, offering five AI agents for real-time contract audits, risk scoring, rug/honeypot/liquidity trap detection, breakout spotting, and early FUD/sentiment prediction via a simple LLM interface.
3. What did the US Treasury Secretary say about Bitcoin in recent testimony?
Secretary Scott Bessent testified that the US will keep seized BTC from forfeitures but has no plans or authority to bail out Bitcoin during downturns or direct banks to buy more, tempering strategic reserve expansion hopes.
The post Crypto Market News Today: DeepSnitch AI Favored by Traders Shifting From Majors to Presales, XMR and HYPE Show Strength appeared first on Blockonomi.
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