After a spell wherein Bitcoin and its chums paraded contentedly between $68,000 and $72,000, the floor forgot its manners and Bitcoin himself slid below $67,000 for the first time since Friday, as if the orchestra had stopped and someone yelled, “Play something cheerful, old bean.”
Most altcoins have followed the downdraft like a chorus line that forgot its steps, with ETH sulking beneath $2,000, XRP skulking under $1.40, and BNB doing a dubious jig to stay above $600.
BTC Slips Below $67K
It’s fair to say the past couple of weeks have not been the bluebirds’ hour for the crypto bulls. On January 28, exactly two weeks ago, bitcoin stood tall at $90,000. Since then, it has conducted a rather melodramatic price correction that lasted days and culminated, at least for the moment, last Friday.
At the time, the cryptocurrency plunged by about $17,000 in a scant 24 hours and slid to $60,000 on Friday morning. This marked its nadir since before the great US presidential caper of November 2024. The bulls, perhaps with a glimmer of bravado, hustled to pull BTC back to $72,000 on the same day, like a troupe of valiant but slightly perspiring plumbers.
The weekend wore a calm hat, with bitcoin trading sideways between $68,000 and $72,000. It made a valiant attempt to breach the upper boundary on Monday and Tuesday, but the gatekeepers laughed and sent it slithering south to below $67,000, where it is currently having a shy sit-down.
Its market capitalization has dwindled to $1.340 trillion on CG, while its dominance over the alts has slipped below 57%.
Alts Back in Red
Most alts have suffered even more over the past day. Ethereum has let go of the $2,000 anchor after a 3.2% retreat. A 4.1% drop from XRP has dragged it to well below $1.40, while BNB is down to $600 after a 5% tumble.
SOL, ADA, HYPE, DOGE, LINK, LTC, and many other larger-cap alts are also in the red, while XMR has defied the trend today with a 3% rise to above $340.
Pi Network’s native token has charted another all-time low, while MYX is down by over 12%. BGB is next in daily losses with a 9% drop. In brighter news, ZRO has entered the top 100 alts after a 20% leap.
The total crypto market cap has shed over $50 billion daily and is down to $2.350 trillion on CG.
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2026-02-11 11:50