Crypto Market in Breif | 10 Feb 2026
On February 10, 2026, the cryptocurrency market experienced continued downward pressure, with major assets retreating as investors weighed whether the market was nearing a "bottom" or entering a deeper bear phase. The total crypto market capitalization was approximately $2.35 trillion to $2.39 trillion, reflecting a significant decline from the $4.4 trillion peak seen in October 2025.
Market Snapshot (10 Feb 2026)
Bitcoin (BTC): Traded in a volatile range between $68,308 and $71,126, ending the day around $68,810 (down roughly 1.88%). It remained approximately 45% below its October 2025 all-time high of $126,000.
Ethereum (ETH): Underperformed Bitcoin, dropping 4.01% to settle near $2,020. Analysts noted it entered a confirmed bearish trend after breaking below the key $2,200 support level.
Altcoins: Performance was mixed; while major tokens generally slid, outliers like NKN and ATM saw gains of 89% and 41% respectively.
Market Dominance: Bitcoin dominance stood at roughly 56.8%, while stablecoins accounted for about 13.15% of the total market.
Key Market Drivers
Regulatory Scrutiny: Investors monitored progress on the CLARITY market-structure bill and White House discussions regarding yield-bearing stablecoins.
Institutional De-risking: Analysts attributed the decline to institutional players reducing risk amid shifting interest rate expectations and global macro headwinds.
Bottoming Signals: Despite the "crypto winter" sentiment, some research firms (like Bernstein) maintained long-term bullish targets, reiterating a $150,000 price target for Bitcoin later in 2026.
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