Crypto Market Update: 02/09/2026
This past 2 weeks have had a lot of interesting developments take place not only in the markets but in the world as a whole and we see that reflecting in asset prices and other monetary vehicles. With all of the stuff going on, and quite frankly, with how important it is, I may pivot a little bit to include macro economics in here and not JUST crypto. With that being said, let's get into the crypto update. Toward the end of the past week, crypto has showed some signs of stabilization after the brutal sell off that took place late January and early February. The week opened with heavy fear with yearly lows, liquidations topping Billions, and risk off flows from macro pressure. Mid week we saw sharp capitulation (selling) that triggered massive leveraged wipes and panic selling. However, late in the week we had a nice little relief bounce and some stabilization. Bitcoin (BTC): Rebounded from $60k and trading sideways in the $70k range after the flash crash. Solana (SOL): Down sharply from prior levels but showing some stability and recovery momentum Ethereum (ETH): Recovered from sub $2k dips but holding fragile XRP: Trading at multi-month lows but seems to be pretty resilient relative to some other coins. Zcash (ZEC): Hit hard during the fear wave but showing some partial recovery. Privacy narrative is providing some long-term buffer for whale interest. The Week Ahead: We are potentially at or near a "local bottom" after one of the sharpest corrections in recent memory. Extremem Fear for this long often precedes meaningful rebounds when weak hands get exhausted and value buyers step in. Bullish Scenario: If BTC holds around the $65k-$68k support and we get some macro tailwind (tariff cooling, stronger ETF flows, dovish fed) we could see a relief rally that could push us towards the $80k mark. Alts like SOL and XRP would catch up faster on rotation. Bearish Scenario: Lingering macro headwinds could retest the $60k mark or lower for BTC dragging other coins deeper