Bitcoin After All Week’s Downtrendhit a low of $60,000 late last Thursday, before a massive rally on Friday saw the price rise nearly 20% to close to $72,000. However, this bounce is increasingly looking like a “dead cat bounce” type.
In mid-morning US trading, Bitcoin is once again down significantly, trading just below $66,000, down more than 4% in the last 24 hours. etherWow Solanafell about 5.5% each, andfell 3.5%.
U.S. stocks, which showed an upward trend during the day, turned almost sideways throughout the day. Gold and silver rose 0.8% and 3.2%, respectively.
Early Wednesday, the U.S. government reported employment growth of 130,000 in January, nearly double economists’ forecasts. Unemployment rate, contrary to expectations, fell to 4.3%.
This is causing interest rate traders to quickly back away from expectations of an imminent rate cut from the Federal Reserve. Currently, they put the odds of a rate cut in March at just 6% and the odds of a rate cut in April at 23%. According to CME FedWatch. Before the report was released, the probability of a correction in March was 21% and the probability of a correction in April was 52%.
There is room for debate as to whether interest rate cuts would have pulled cryptocurrencies out of their bear market. Ultimately, this sharp decline began in 2025 when the Federal Reserve eased monetary policy at three consecutive meetings.
decreased interest
While cryptocurrencies continue to perform poorly, many assets around the world are showing bullish markets, so investor interest in cryptocurrencies appears to be fading away.
Coinglass on Wednesdayreports that Bitcoin perpetual futures open interest has fallen again and is now 51% below its October 2025 peak, representing a significant setback in trader confidence and leverage.
We’re seeing a ‘crypto exodus’ as investors grow weary, one analyst tells BloombergFrom the article There is news that Korean investors are leaving cryptocurrency with the KOSPI stock index hitting an all-time high.
Reports continued that last month, KOSPI’s monthly trading volume increased 221% compared to the same period last year, while trading volume on cryptocurrency exchanges decreased by about 65%.
“This is a complete sell-off,” the analyst said. “Individual investors are tired and are quickly moving to KOSPI.”
Cryptocurrency stocks plunge across the board
There are no rising stocks at all across the cryptocurrency-related stock sector. Robinhood (HOOD) fell 12.5%. Cryptocurrency trading revenue plummeted in the fourth quarter following the report. This is having a negative impact on peer Coinbase (COIN), which is down 7% ahead of its earnings report scheduled for Thursday evening.
Bitcoin treasury giant Strategy (MSTR) fell 4.5% and Ethereum treasury giant Bitmine Emergence (BMNR) fell 3.8%.
Circle Financial (CRCL) was down 4.7%, Galaxy Digital (GLXY) was down 3.2%, and Bullish (BLSH) was down 5.3%.
date: 2026-02-11 21:45:00
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