On Wednesday, February 11, 2026, Bitcoin fell to $68,780, down 1.9% on the day, while Ethereum dropped to $2,019. The week remains in the red with a 9.1% loss for BTC. Both major cryptocurrencies face continuous selling pressure with no bullish catalyst on the horizon.
The macroeconomic backdrop remains the primary driver of this decline. Concerns about US monetary policy, particularly rumors of quantitative tightening, are affecting risk appetite. Ethereum, often more volatile than Bitcoin, amplifies these moves. The drop below $2,050 is symbolic: it brings ETH back to levels seen in late 2025, erasing part of recent gains. Institutional investors, who had supported the market in January, now appear to be stepping back.
This day confirms an established bearish trend. Bitcoin, despite its historical resilience, is not immune to macroeconomic headwinds. The 9.1% weekly loss indicates a significant correction, though not yet a full-blown panic. Analysts are watching the next support levels, particularly around $65,000 for BTC. For now, the market awaits a clear signal — whether economic or regulatory — to reverse the momentum.
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In-Depth Analysis
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Historical Context
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- Bitcoin Crashes Below $64K as Kevin Warsh’s Hawkish Fed Halts Crypto Rally
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