đđđCrypto Market Brief | Feb 10, 2026
âMarket Overview:
The crypto market is under pressure today. Bitcoin ($BTC ) has slipped to $69,300, down 2.4% as a wave of "Extreme Fear" (Index at 9) grips retail traders. Despite rumors of U.S. government BTC buys, on-chain data shows institutional players are waiting for a clearer signal from the CLARITY Act debates.
âKey Headlines:
âSEC Update: The SEC has dismissed proceedings against American CryptoFed, signaling a shift toward clearer registration guidelines under the new GENIUS Act framework.
âInstitutional Adoption: Morgan Stanley and BlackRock have filed for new income-focused ETFs, prioritizing yield-bearing digital assets.
âBybit Challenge: A massive 300,000 USDT "TradFi vs. Crypto" tournament launched today, highlighting the growing crossover between classic finance and crypto strategies.
âAnalysis: We are seeing a "shakeout." BTC's failure to reclaim $72k turned into a retest of the $68k support. Traders should watch the $67,500 level closely; losing it could trigger deeper liquidations.
âđ Coin of the Day: Ethereum (ETH)
âRank: #2
$ETH is currently testing the $2,000 psychological barrier. While the price is down 4.5% today, large-scale "whales" like Bitmine are reportedly buying the dip, calling this a "generational entry point" ahead of the next scaling upgrade.