The crypto market today (02/12/2026) is under strong selling pressure, with Bitcoin (BTC) continuing to slide and fluctuating around $66,000 - $67,000, down about 2-4% in the past 24 hours. The total market capitalization of crypto has decreased by about 2-7% compared to last week, falling to around ~$2.2 - $2.3 trillion USD.
Highlights:
• Bitcoin has sharply declined from its previous highs, heading towards its fourth consecutive weekly drop. Some reasons include: strong U.S. employment data, revisions of labor figures (nearly 1 million “phantom” jobs from the previous year), and capital flowing out of risky assets. However, some experts believe this is an initial “bottoming out” phase, and there is a dip-buying opportunity (Val Vavilov from Bitfury sees this as an opportunity).
• Ethereum (ETH) has also decreased, hovering around $1,950 - $1,970, facing similar pressure.
• Altcoins are highly volatile: Some memecoins and tokens like Berachain (BERA), LayerZero (ZRO), and pippin are leading growth, while many other tokens are plummeting.
• Positive news: A BlackRock executive predicts that a 1% crypto allocation in Asia could bring in $2 trillion of new capital. JPMorgan is optimistic about recovery thanks to institutional flows. Danske Bank has lifted its 8-year crypto ban, allowing Bitcoin & Ethereum ETPs.
The market is in a phase of extreme fear, with a rotation towards some new narratives (RWA, AI agents, stablecoin yield). This could be a long-term opportunity if you believe in the cycle, but in the short term, it remains very volatile – be careful with leverage!
What do you think about this dip? Are you DCA-ing or waiting for a clearer bottom? 🚀📉
#Bitcoin #Crypto #BTC #ETH #BinanceSquare #CryptoNews
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