Crypto Market in Breif | 8 Feb 2026
On 8 February 2026, the cryptocurrency market showed signs of stabilization following a volatile "crypto winter" style correction that saw many assets drop significantly from their 2025 highs. Bitcoin (BTC) ended the day around $70,264.73, attempting to hold a narrow consolidation range between $67,300 and $71,751.
Market Overview
Total Market Cap: The global crypto market capitalization was approximately $2.37 trillion, reflecting a 24-hour decline of about 2.25%.
Market Sentiment: Investors remained cautious as the market digested recent liquidations totaling nearly $2.6 billion earlier in the week.
Bitcoin Dominance: Bitcoin maintained a strong market share of 56.79%.
Major Assets Performance
Most leading cryptocurrencies experienced weekly declines as they struggled to regain momentum from a sharp market-wide drawdown.
Key Market News & Drivers
Institutional Inflows: Despite the price drop, U.S. spot ETFs saw net inflows of $145 million, indicating continued institutional interest.
MicroStrategy Activity: MicroStrategy (MSTR) continued its aggressive accumulation, purchasing 1,142 BTC between 2 February and 8 February at an average price of $78,815.
Operational Errors: A major South Korean exchange, Bithumb, briefly caused a market stir by accidentally distributing $40 billion worth of Bitcoin to users due to an internal error, though 99.7% was successfully recovered by the end of the day.
Macro Environment: Traders were focused on upcoming U.S. payroll and CPI data, which were expected to determine if the market would flip from "cautious stabilization" to renewed expansion.
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