Bitcoin, Ethereum, XRP, and Dogecoin fall due to high selling pressure

On Sunday, the leading cryptocurrencies declined amid high selling pressure, while US stock index futures rose after news that US inflation slowed to an 8-month low. According to Benzinga, Bitcoin BTC $68,583.33 Mezo Wrapped BTC -1.33% Market capitalization $38.87 million VOL. 24 hours $1.31 billion dropped to the $ 68,000 area, and analyst Ali Martinez saw an Adam & Eve pattern on the hourly chart, which, if confirmed, could open the way to $ 79,000. He noted: «A breakout above $ 71,500 could open the door to $ 79,000.»

Bitcoin slipped to the $ 68,000 area, while trading volume increased by 11%. Ethereum also came under considerable pressure: the second-largest cryptocurrency by capitalization dropped below $ 2,000 amid an 80% jump in 24-hour trading volume, while Dogecoin lost more than 8%.

As of 8:25 p.m. ET, the quotes looked like this: Bitcoin — $ 68,673.86 (-1.24%), Ethereum ETH $1,965.89 Bridged Ether (StarkGate) -3.44% Market capitalization $44.85 million VOL. 24 hours $1.19 billion - $ 1,966.09 (-4.83%), XRP XRP $1.50 XRP -3.78% Market capitalization $91.24 billion VOL. 24 hours $0.31 billion - $ 1.47 (-3.46%), Solana SOL $85.65 Binance-Peg SOL -3.78% Market capitalization $93.88 million VOL. 24 hours $0.29 billion - $ 86.05 (-2.14%), Dogecoin DOGE $0.10 Binance-Peg Dogecoin -8.66% Market capitalization $0.26 billion VOL. 24 hours $0.14 billion - $ 0.1022 (-8.45%). Over the past 24 hours, positions worth approximately $ 325 million have been liquidated, of which $ 240 million were long trades. At the same time, open interest in Bitcoin decreased by 2.69%, but most investors on Binance remained long.

The Crypto Fear & Greed index showed «Extreme Fear», and the total capitalization of the crypto market amounted to $ 2.28 trillion after falling by 1.07% per day.

Futures rose on traditional markets: Dow Jones added 37 points (0.07%), S&P 500 — 0.18%, Nasdaq 100 — 0.13%. US inflation slowed to 2.4% in January, the lowest level since May 2025. The probability of a Fed rate cut in March was 9.8%, according to CME FedWatch. Spot gold fell by 0.41% to $ 5,021 per ounce, and the NYSE and Nasdaq exchanges will remain closed on Monday due to Presidents' Day. Analyst Michael van de Poppe called Bitcoin’s movement a «classic correction» and added: «We're likely to stay at this level until Monday’s opening and then return to the highs.»