Market Report: Top 5 cryptocurrencies by decline on February 5, 2026, with Zcash experiencing the largest drop

Gate.io News Bot Message, February 5, 2026, according to CoinMarketCap market data, the overall cryptocurrency market is showing a correction trend, with major coins experiencing varying degrees of pullback. The following are the top five cryptocurrencies by decline over the past 24 hours:

1️⃣ ZEC (Zcash) 📉 Current Price: $250.51 | Decline: -9.74% 📊 24H High/Low: $281.87 / $247.04 | Market Cap: $4,138,400,794.66 ⚠️ Privacy coins face market correction pressure, technical indicators are under stress, leading the market in decline.

2️⃣ NEXO (Nexo) 📉 Current Price: $0.74 | Decline: -8.82% 📊 24H High/Low: $0.81 / $0.73 | Market Cap: $479,386,741.04 ⚠️ Lending platform tokens follow the market correction, market risk sentiment is rising.

3️⃣ BNB (BNB) 📉 Current Price: $694.34 | Decline: -8.38% 📊 24H High/Low: $763.90 / $687.34 | Market Cap: $94,680,671,023.04 ⚠️ Mainstream public chain tokens are adjusting, overall market risk appetite is decreasing.

4️⃣ IP (Story) 📉 Current Price: $1.27 | Decline: -8.34% 📊 24H High/Low: $1.40 / $1.27 | Market Cap: $446,836,694.38 ⚠️ Despite additional investment from Sony Innovation Fund and progress on AC’s new project Flying Tulip, the IP ecosystem still follows market adjustments, indicating short-term profit-taking.

5️⃣ MORPHO (Morpho) 📉 Current Price: $1.17 | Decline: -8.24% 📊 24H High/Low: $1.35 / $1.16 | Market Cap: $444,768,515.64 ⚠️ DeFi lending protocol tokens are adjusting in sync, the overall sector is under pressure.

📉 Market Summary: Today’s market shows an overall correction, with the top five declining cryptocurrencies fluctuating between -8% and -10%, reflecting phase profit-taking and risk sentiment adjustments. Investors should closely monitor market sentiment changes and technical support levels, and control risk exposure.

⚠️ Risk Reminder: Cryptocurrency markets are highly volatile, and investing involves risks. This message is for market information only and does not constitute investment advice. Investors should assess market risks independently and operate cautiously.