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📰Feb 8th 2026: The global crypto market faces ongoing pressure today, with total capitalization around $2 trillion after sharp declines from October 2025 peaks. Bitcoin hovers near $60,000, down about one-third year-to-date, while Ethereum trades around $1,800, off 40% since January amid risk-off sentiment.Key Market TrendsBitcoin network hashrate dropped sharply as miners shut down unprofitable rigs; expect a difficulty adjustment down over 10% soon.Macro factors like tech stock sell-offs, volatile precious metals, and hawkish Fed expectations are weighing on risk assets.Some stabilization signs emerge, though investor sentiment stays negative post-mass sell-offs.
Top News Highlights: Bitcoin mining profitability crisis leads to record-low network difficulty.Ethereum dips below $2,000 psychological level after recent highs above $3,000 in December 2025.Conflicting reports note BTC briefly at $71,000+ with potential upside to $75,000 if resistance breaks, per analysis.
Remember market is showing high volatility and this year 2026 in particular is extremely unpredictable for crypto currency.
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