Crypto Market Downturn on February 10, 2026:💥💥🔥🔥💥💥
Overview
The crypto market is going through a slump, where the total market capitalization dropped by 2% as investors worry about a possible US government shutdown and lack of clear regulations.
Key Factors
US Government Shutdown: A partial shutdown looks quite likely, with a probability of 69%, which means that economic data release will probably be delayed and the Fed is likely to have a harder time making its decisions.Regulatory Uncertainty: The introduction of the Clarity Act, which is a crucial piece of legislation for the crypto market structure, has been postponed several times, which makes the investors lose their faith and willingness to take risks.Institutional Demand: US spot Bitcoin ETFs recorded a dramatic fall in net inflows, amounting to 60% decrease compared to last Friday, which resulted in a market downturn.Market Performance
Bitcoin: Down 2.4% to $69, 400, with a range of $68, 400 to $71, 000.Ethereum: Down 1.2% to $2, 000, continuing the weekly losses to 12%.Other Cryptos: XRP, BNB, Solana, and Dogecoin are also losing, with almost $300 million being liquidated from the crypto market within the last day.Market Sentiment
Risk, OffSentiment: Investors are moving towards safe, haven assets like gold and US bonds amid the economic uncertainty.Lack of Confidence: The shutdown and regulatory uncertainty have been the reasons behind diminishing investor confidence and risk appetite.
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