Subscribe to our Telegram channel!
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 $78,675.42 Bitcoin -0.47% Market capitalization $1.58 trillion VOL. 24 hours $1.13 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 $2,489.39 Ethereum 1.14% Market capitalization $300.42 billion VOL. 24 hours $0.63 billion - $ 1,966.09 (-4.83%), XRP XRP $1.40 XRP -2.60% Market capitalization $87.99 billion VOL. 24 hours $0.24 billion - $ 1.47 (-3.46%), Solana SOL $101.00 Solana 4.06% Market capitalization $58.99 billion VOL. 24 hours $0.28 billion - $ 86.05 (-2.14%), Dogecoin DOGE $0.09 Dogecoin 0.08% Market capitalization $13.49 billion VOL. 24 hours $50.96 million - $ 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.»