Sunday, February 8, 2026, Bitcoin edged down 1.7% to $69,297, while Ethereum timidly rose to $2,091, up 1.5%. On the week, BTC’s losses amount to 12%, a respite after the turbulence of previous days. Trading volumes decreased, a sign of relative calm.
This day of relative calm allows the market to digest the violent moves of the week. Investors, stung by the 14% drop on February 6, are adopting a wait-and-see attitude. Stablecoins like USDT are seeing their volumes decline, indicating that the buying and selling frenzy is fading. Bitcoin appears to be testing a new range between $68,000 and $71,000, a key level for determining the future direction.
The importance of this stabilization should not be underestimated. If Bitcoin manages to hold above $69,000, it could reassure investors and limit the weekly damage. However, the 12% loss over seven days remains significant, and confidence is not fully restored. Traditional markets, also volatile, could influence the trend. For now, the crypto market is holding its breath.
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