Quick market update for February 9, 2026 – after last week's wild swings (BTC hit lows near $60K before rallying back), we're seeing some stabilization today amid ongoing volatility.
Current levels:
$BTC trading around $70,000–$71,000 (dipped below $70K briefly but rebounding slightly; up/down moves in the 1-3% range intraday). Key support tested around the 200-week MA, with some short-covering helping the bounce.
$ETH around $2,000–$2,100 (down ~3-4% recently, holding above $2K for now).
Alts mixed: Some green in select names (e.g., reports of double-digit surges in a few smaller tokens), but broader pressure from limited ETF inflows, hedging demand, and macro factors (equity weakness, etc.).
What's the vibe? This feels like a tentative countertrend rally after heavy capitulation and liquidations – weak hands flushed, but fresh capital needed for real conviction. Crypto remains extremely volatile and high-risk – prices can reverse quickly in either direction. Always DYOR, manage leverage carefully, and only risk what you can afford to lose!
How are you playing this? Watching for $BTC to hold $70K as support, eyeing alts for potential bounces, staying in stables, or something else? Drop your thoughts below – let's discuss the pulse! 📊🚀