Galaxy’s $200 million share buyback sent a signal across crypto markets, but it didn’t stop prices from sliding. As stocks tied to digital assets struggle, traders are asking one question above all else: Why is crypto down today?
While analysts debate macro pressure and sentiment shifts, DeepSnitch AI is building the tools to answer that question in real time.
The project is developing a Web3-native Bloomberg Terminal, already powered by four live AI agents. With more than $1.5 million raised and a potential 100 million–user market, DeepSnitch AI is the standout bet for 2026.
Galaxy authorizes $200M share buyback
While everybody was wondering “why is crypto down today,” Galaxy Digital has approved a share repurchase program of up to $200 million, allowing the firm to buy back its Class A common stock over the next 12 months.
The buyback can be executed through open-market purchases or private transactions and may be paused or discontinued at any time, depending on market conditions and regulatory approvals.
The move comes as Galaxy’s shares, along with other crypto-linked equities, have fallen sharply alongside Bitcoin’s recent downturn.
While the company reported a $482 million net loss in the fourth quarter of 2025 and a $241 million loss for the full year, CEO Mike Novogratz said Galaxy is entering 2026 “from a position of strength,” citing balance sheet flexibility and long-term investments.
Why is crypto down today, and what can you buy to offset losses?
DeepSnitch AI
DeepSnitch AI keeps moving forward while the rest of the market stalls. The presale has now raised more than $1.5 million, cutting straight through a bearish cycle that continues to punish most altcoins. With the token priced at $0.03906 in Stage 5, early backers already hold paper gains north of 160%.
This is where the timing advantage shows up. DeepSnitch AI sits late in its presale, yet investors still enter before public listings. Buyers aren’t betting on an idea. They’re buying into a live, functioning intelligence platform that can answer complicated questions like “why is crypto down today?”
Momentum builds further with strong on-chain commitment. More than 34 million DSNT tokens are already staked, tightening supply and rewarding holders with dynamic APY. Add growing speculation around Tier-1 exchange listings, and the setup becomes hard to ignore.
The upside math explains the attention. A $10,000 position at current prices secures roughly 261,096 DSNT tokens. A move to a modest $1.15 after launch would turn that stake into $300,000. That 30x profile is exactly why smart money continues to rotate into DeepSnitch AI while wondering why crypto is down today.
Decred
Decred is charging higher, jumping almost 25% after rebounding off a rising support line. The move stands out in a weak market and draws strength from shrinking supply, not just charts. Selling pressure keeps thinning as fewer tokens stay available.
On-chain data backs it up. Hashrate has grown over 10% in the past month, showing stronger miner commitment. Staking locks up more than 10.6 million DCR, which removes over 60% of supply from circulation. Add the treasury holdings, and the liquid supply keeps tightening. Buyers step in fast on every dip.
Price action reflects that pressure. DCR trades above both the 50-day and 200-day EMAs and keeps the trend pointed higher. MACD now pushes upward, and RSI near 68 shows strong demand with limited room left in the near term.
The next hurdle sits near $26. Clearing it could drive a move toward $31. Support rests near $21 and along the rising trendline.
Pi Network
Pi Network stays under stress, trading just above $0.14 on February 6 after slipping to a fresh low near $0.13. A mild bounce followed, but sellers still run the market. Confidence keeps fading, and buyers show little urgency.
The latest catalyst failed to help. The team announced PI rewards for KYC validators, set for late March. Traders ignored the update. Instead, wallets sent over 2.3 million PI to exchanges in one day. That move signals risk reduction, not accumulation, and it adds fresh supply into a weak tape.
Charts mirror the damage. Price lost $0.153 and turned it into a ceiling. Every rebound stalls below that level. RSI sits near 20 and flags extreme weakness, yet bids remain scarce. MACD points lower and shows growing downside force.
PI now trades without support. If bulls fail to reclaim $0.153 fast, focus shifts toward the $0.10 zone.
The bottom line
Finding the best crypto to invest in is never easy. The winners solve real problems, attract real users, and stay early long enough for explosive growth.
DeepSnitch AI does all three. It already answers questions like “why is crypto down today,” targets over 100 million traders, and still trades at a presale price that feels mispriced.
That’s why whales pushed funding past $1.5 million. With bonuses stacking, supply tightening, and listings ahead, DSNT looks less like a gamble and more like a rare early entry most investors only recognize in hindsight.
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FAQs
Why is the crypto market down today?
Macro uncertainty and risk-off sentiment hit prices, but DeepSnitch AI helps traders analyze downturns in real time with AI-driven insights.
What macro factors are impacting crypto right now?
Rates, equities, and liquidity pressure crypto markets. DeepSnitch AI stands out by building tools to track these shifts early.
What does today’s crypto selloff analysis show?
Most assets weaken, but DeepSnitch AI defies the trend with strong presale demand, real utility, and asymmetric upside.
