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As bitcoin (BTC) price extends declines, industry figures say it’s time to buy: Crypto Daybook Americas

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CD20, Feb. 11 2026 (CoinDesk)

By Francisco Rodrigues (All times ET unless indicated otherwise)

Bitcoin dropped for a third straight day after failing to remain above the $70,000 hit during the weekend recovery as spot trading volumes thinned and theCrypto Fear and Greed Index held in “extreme fear” territory.

The broader crypto market capitalization has slipped to about $2.28 trillion, with the CoinDesk 20 (CD20) index losing 3.4% over the past 24 hours. Even so, onchain data aggregator Glassnode described the pullback as modest by past standards, with no signs of panic selling seen in prior cycle peaks.

Despite the lower volumes and poor sentiment, inflows to spot bitcoin ETFs have been steady over the past three days, helping absorb some selling pressure. The market is now in a price discovery phase, according to Wintermute.

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“With spot volumes still relatively light, leverage is driving short term moves as was illustrated by BTC squeezing back up from the lows last friday on the back of heavily crowded perp shorts,” Wintermute desk strategist Jasper De Maere wrote in an emailed note. “It’s likely the market will continue to whip across this range as its still in price discovery.“

Major figures appear to remain bullish. Speaking at Consensus Hong Kong, Tom Lee, chief investment officer of Fundstrat and chairman of ether treasury firm BitMine Immersion (BMNR), told investors they should look for entry points rather than try to time a bottom.

On CNBC, Michael Saylor, executive chairman of bitcoin treasury firm Strategy (MSTR), reiterated his long-term bet on the cryptocurrency, saying he expects it to outperform traditional equities despite the drawdown.

Weak U.S. retail sales have moderately lifted U.S. interest rate-cut expectations and weighed on the dollar. Now, attention will switch to today’s nonfarm payrolls figures and inflation data, which could further influence risk appetite. Stay alert.

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Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today

What to Watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

  • Crypto
    • Feb. 11: Immutable to complete the merge of Immutable X and Immutable zkEVM.
  • Macro
    • Feb. 11, 8:30 a.m.: U.S. nonfarm payrolls for January Est. 70K (Prev. 50K)
    • Feb. 11, 8:30 a.m.: U.S. unemployment rate for January Est. 4.4%(Prev. 4.4%)
    • Feb. 11, 8:30 a.m.: U.S. average hourly earnings for January YoY Est. 3.8% (Prev. 3.6%)
  • Earnings (Estimates based on FactSet data)

Token Events

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

  • Governance votes & calls
    • Feb. 11: Ripple to host XRP Community Day on X Spaces discussing XRP adoption, regulated finance and innovation.
  • Unlocks
    • Feb. 11: to unlock 0.32% of its circulating supply worth $14.33 million.
  • Token Launches
    • Feb. 11: Coinbase to list RaveDAO (RAVE), DeepBook (DEEP), and Walrus (WAL).

Conferences

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

Market Movements

  • BTC is up 0.25% from 4 p.m. ET Tuesday at $66,868.63 (24hrs: -3.14%)
  • ETH is down 2.96% at $1,947.84 (24hrs: -3.25%)
  • CoinDesk 20 is down 2.75% at 1,900.89 (24hrs: -3.53%)
  • Ether CESR Composite Staking Rate is up 1 bp at 2.83%
  • BTC funding rate is at -0.0023% (-2.536% annualized) on Binance
CD20, Feb. 11 2026 (CoinDesk)
  • DXY is down 0.3% at 96.50
  • Gold futures are up 1.73% at $5,117.80
  • Silver futures are up 6.22% at $85.39
  • Nikkei 225 closed up 2.28% at 57,650.54
  • Hang Seng closed up 0.31% at 27,266.38
  • FTSE is up 0.50% at 10,405.94
  • Euro Stoxx 50 is down 0.41% at 6,022.26
  • DJIA closed on Tuesday up 0.1% at 50,188.14
  • S&P 500 closed down 0.33% at 6,941.81
  • Nasdaq Composite closed down 0.59% at 23,102.47
  • S&P/TSX Composite closed up 0.71% at 33,256.83
  • S&P 40 Latin America closed down 0.57% at 3,746.47
  • U.S. 10-Year Treasury rate is down 1 bps at 4.135%
  • E-mini S&P 500 futures are unchanged at 6,966.50
  • E-mini Nasdaq-100 futures are unchanged at 25,218.00
  • E-mini Dow Jones Industrial Average Index futures are up 0.13% at 50,338.00

Bitcoin Stats

  • BTC Dominance: 59.12% (-0.29%)
  • Ether-bitcoin ratio: 0.02914 (-0.81%)
  • Hashrate (seven-day moving average): 1,002 EH/s
  • Hashprice (spot): $33.56
  • Total fees: 2.6 BTC / $179,640
  • CME Futures Open Interest: 120,785 BTC
  • BTC priced in gold: 13.1 oz.
  • BTC vs gold market cap: 4.46%

Technical Analysis

Chart of bitcoin price and 200-week exponential moving average.
  • BTC/USD is currently hovering below the 200-week exponential moving average, a critical support level that must be reclaimed to prevent further downside.
  • The market now awaits the weekly close to confirm whether this breach marks a definitive breakdown or a temporary deviation.

Crypto Equities

  • Coinbase Global (COIN): closed on Tuesday at $162.51 (-2.83%), -3.39% at $157.00 in pre-market
  • Circle Internet (CRCL): closed at $59.75 (-0.58%), -1.84% at $58.65
  • Galaxy Digital (GLXY): closed at $21.19 (+0.19%), -1.75% at $20.82
  • Bullish (BLSH): closed at $32.05 (+0.00%), -1.68% at $31.51
  • MARA Holdings (MARA): closed at $7.66 (-4.96%), -3.13% at $7.42
  • Riot Platforms (RIOT): closed at $14.83 (-0.94%), -2.29% at $14.49
  • Core Scientific (CORZ): closed at $18.13 (-2.26%), -2.48% at $17.68
  • CleanSpark (CLSK): closed at $10.03 (-1.57%), -2.49% at $9.78
  • CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $42.62 (-2.76%)
  • Exodus Movement (EXOD): closed at $10.86 (+1.12%)

Crypto Treasury Companies

  • Strategy (MSTR): closed at $133.00 (-3.93%), -3.12% at $128.85
  • Strive (ASST): closed at $9.18 (-9.51%), -3.27% at $8.88
  • SharpLink Gaming (SBET): closed at $6.65 (-6.47%), -0.60% at $6.61
  • Upexi (UPXI): closed at $0.98 (-7.14%), +1.96% at $0.99
  • Lite Strategy (LITS): closed at $1.03 (-1.90%)

ETF Flows

Spot BTC ETFs

  • Daily net flows: $166.5 million
  • Cumulative net flows: $54.98 billion
  • Total BTC holdings ~1.27 million

Spot ETH ETFs

  • Daily net flows: $13.8 million
  • Cumulative net flows: $11.91 billion
  • Total ETH holdings ~5.84 million

Source: Farside Investors

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Crypto World

Gold Price Prediction: Worst Month in 17 Years fo Save Haven Rock

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Gold price climbed 2.2%, but the bounce barely registers against a 12% monthly collapse, which resulted in a more grim-looking prediction.

Gold is hemorrhaging value. Spot gold price climbed 2.2% to $4,687/oz, but that bounce barely registers against a 12% monthly collapse that has the metal on track for its worst monthly performance since October 2008, which resulted in a more grim-looking prediction.

The safe-haven narrative is cracking.

The catalyst yesterday was a Wall Street Journal report that President Donald Trump signaled willingness to end the U.S. military campaign against Iran, even if the Strait of Hormuz remains partially closed.

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“Gold prices are bouncing in early Asia-Pacific trade after U.S. President Donald Trump told aides he is willing to end the U.S. military campaign against Iran… That triggered a risk-on response from financial markets,” said Ilya Spivak, head of global macro at Tastylive.

U.S. gold futures for April delivery gained 1.2% to $4,611.30 in tandem. The dollar eased, providing additional tailwind to greenback-denominated bullion.

Despite the daily reprieve, the macro structure driving gold’s rout remains intact, and Fed policy signals from Powell continue pointing toward a higher-for-longer rate environment that structurally penalizes non-yielding assets.

Discover: The best crypto to diversify your portfolio with

Gold Price Prediction: Can XAU Reclaim $5,000 Before the Fed Blinks?

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Today’s relief rally puts spot gold close to $4,700, up 1.5% intraday. This figure looks strong in isolation against March’s 13% drawdown from prior highs above $5,000.

Spivak flagged a critical technical signal: “Gold has been stabilizing for about a week now, with a rally last Friday a particular standout. That came alongside a drop in Treasury yields that seems to suggest the markets are starting to see the Iran war as a recession risk.”

Falling yields reduce the opportunity cost of holding gold, that’s the bull mechanism. Quarterly gains still hold at approximately 5%, confirming the longer-term trend hasn’t broken.

Gold price climbed 2.2%, but the bounce barely registers against a 12% monthly collapse, which resulted in a more grim-looking prediction.
XAU USD, Tradingview

For the gold price, if de-escalation holds, Treasury yields slide further, Fed language softens on inflation, gold can re-targets $4,800–$5,000 resistance recovery. Goldman Sachs maintains a $5,400/oz end-2026 target anchored by central bank accumulation and eventual easing.

However, if energy prices re-accelerate, the Fed signals no cuts through year-end, and Hormuz disruption deepens, a break below $4,300 opens the door to the low $4,000s.

Discover: The best pre-launch token sales

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LiquidChain Targets Early Mover Upside as Gold Tests Key Resistance

Gold’s struggle to reclaim $5,000 raises an uncomfortable question for capital allocators: if the canonical safe haven is down 13% in a month, where does risk-adjusted opportunity actually live?

For us, watching macro dysfunction erode established stores of value, early-stage infrastructure plays with asymmetric upside are drawing renewed attention, particularly those solving real structural problems across fragmented liquidity markets.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer — fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The architecture centers on four components: Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and Deploy-Once Architecture, letting developers deploy once and access all three ecosystems simultaneously.

The presale is currently priced at $0.01445, with more than $630K raised to date, with more than 1700% APY in staking bonus.

For those looking for a gold alternative, research LiquidChain’s presale structure here.

This article is not financial advice. Conduct your own research before investing.

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The post Gold Price Prediction: Worst Month in 17 Years fo Save Haven Rock appeared first on Cryptonews.

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Pro-Crypto PAC to be Headed by Tether Executive ahead of US Midterms

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Pro-Crypto PAC to be Headed by Tether Executive ahead of US Midterms

Jesse Spiro, the head of government affairs at stablecoin issuer Tether, will be chairing the organization of a crypto-backed Super political action committee (PAC) to “actively support candidates” in the 2026 US midterm elections and beyond.

In a Wednesday announcement, the Fellowship PAC, a committee that launched in August 2025 and later claimed to have raised “over $100 million” from undisclosed backers aligned with the crypto industry, said that Spiro would become chair ahead of its first political endorsements for the 2026 elections.

The PAC said that it would support candidates in favor of innovation, regulatory clarity for digital assets, and open markets.

”We have an opportunity to ensure the United States remains the global hub for builders, entrepreneurs, and technological progress,” said Spiro. “Fellowship PAC is committed to supporting leaders who understand what’s at stake and are willing to act.”

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Source: Fellowship PAC

The addition of a crypto-aligned Super PAC with potentially hundreds of millions of dollars could be used to influence US elections. The Fairshake PAC, backed by Ripple Labs and Coinbase, spent more than $130 million on media buys in the 2024 elections, and reported having $193 million ahead of the 2026 midterms.

Related: Crypto awareness tops 80% among young people in UK: Coinbase survey

Fellowship filed a statement of organization with the US Federal Election Commission (FEC) on Aug. 7 and had reported no contributions or expenditures as of Dec. 31. Although the PAC has claimed to have more than $100 million in its war chest, it was unclear at the time of publication who may be responsible for funding the committee.

Cointelegraph did not receive an immediate response to requests for comment by the PAC.

Money from the crypto industry may already have been a factor in US state primaries, which kicked off in March. Although some of the industry-aligned candidates did not win their races in Illinois, there are more than seven months before the 2026 general election, giving PACs like Fairshake, Fellowship, and others the opportunity to sway voters.

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A debate on stablecoin yield is still shadowing a congressional crypto bill

Tether, the issuer behind the largest stablecoin by market capitalization, USDt (USDT), is likely to be affected by legislation being considered by US lawmakers in the Senate.

The House of Representatives passed a digital asset market structure bill in July 2025 called the CLARITY Act, which has effectively been stalled in the Senate amid debate over stablecoin rewards, tokenized equities, ethics and other issues.

As of Wednesday, the Senate Banking Committee had not rescheduled a markup on the bill which it postponed in January. It’s unclear if or when the bill could head to the full chamber for a vote.

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