As bitcoin extends declines, industry figures say it's time to buy

Crypto Daybook Americas Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email As bitcoin extends declines, industry figures say it's time to buy Your day-ahead look for Feb. 11, 2026 By Francisco Rodrigues | Edited by Sheldon Reback Feb 11, 2026, 12:27 p.m. Make us preferred on Google U.S. jobs data may provide more market guidance. (Helene Braun/CoinDesk) What to know : You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here . You won't want to start your day without it. In this article BTC BTC $ 67,288.35 ◢ 1.88 % ETH ETH $ 1,960.24 ◢ 2.35 % By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin dropped for a third straight day after failing to remain above the $70,000 hit during the weekend recovery as spot trading volumes thinned and the Crypto Fear and Greed Index held in "extreme fear" territory. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The broader crypto market capitalization has slipped to about $2.28 trillion, with the CoinDesk 20 (CD20) index losing 3.4% over the past 24 hours. Even so, onchain data aggregator Glassnode described the pullback as modest by past standards, with no signs of panic selling seen in prior cycle peaks. Despite the lower volumes and poor sentiment, inflows to spot bitcoin ETFs have been steady over the past three days, helping absorb some selling pressure. The market is now in a price discovery phase, according to Wintermute. “With spot volumes still relatively light, leverage is driving short term moves as was illustrated by BTC squeezing back up from the lows last friday on the back of heavily crowded perp shorts,” Wintermute desk strategist Jasper De Maere wrote in an emailed note. “It's likely the market will continue to whip across this range as its still in price discovery.“ Major figures appear to remain bullish. Speaking at Consensus Hong Kong, Tom Lee, chief investment officer of Fundstrat and chairman of ether ETH $ 1,960.24 treasury firm BitMine Immersion (BMNR), told investors they should look for entry points rather than try to time a bottom. On CNBC, Michael Saylor, executive chairman of bitcoin treasury firm Strategy (MSTR), reiterated his long-term bet on the cryptocurrency, saying he expects it to outperform traditional equities despite the drawdown. Weak U.S. retail sales have moderately lifted U.S. interest rate-cut expectations and weighed on the dollar. Now, attention will switch to today's nonfarm payrolls figures and inflation data, which could further influence risk appetite. Stay alert. Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today What to Watch For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Crypto Feb. 11: Immutable to complete the merge of Immutable X and Immutable zkEVM. Macro Feb. 11, 8:30 a.m.: U.S. nonfarm payrolls for January Est. 70K (Prev. 50K) Feb. 11, 8:30 a.m.: U.S. unemployment rate for January Est. 4.4%(Prev. 4.4%) Feb. 11, 8:30 a.m.: U.S. average hourly earnings for January YoY Est. 3.8% (Prev. 3.6%) Earnings (Estimates based on FactSet data) Nothing scheduled. Token Events For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Governance votes & calls Feb. 11: Ripple to host XRP Community Day on X Spaces discussing XRP adoption, regulated finance and innovation. Unlocks Feb. 11: AVAX $ 8.5872 to unlock 0.32% of its circulating supply worth $14.33 million. Token Launches Feb. 11: Coinbase to list RaveDAO (RAVE), DeepBook (DEEP), and Walrus (WAL). Conferences For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Day 2 of 3: Consensus Hong Kong Day 2 of 3: Solana Breakout (Online) Feb. 11: Solana Accelerate (Hong Kong) Market Movements BTC is up 0.25% from 4 p.m. ET Tuesday at $66,868.63 (24hrs: -3.14%) ETH is down 2.96% at $1,947.84 (24hrs: -3.25%) CoinDesk 20 is down 2.75% at 1,900.89 (24hrs: -3.53%) Ether CESR Composite Staking Rate is up 1 bp at 2.83% BTC funding rate is at -0.0023% (-2.536% annualized) on Binance DXY is down 0.3% at 96.50 Gold futures are up 1.73% at $5,117.80 Silver futures are up 6.22% at $85.39 Nikkei 225 closed up 2.28% at 57,650.54 Hang Seng closed up 0.31% at 27,266.38 FTSE is up 0.50% at 10,405.94 Euro Stoxx 50 is down 0.41% at 6,022.26 DJIA closed on Tuesday up 0.1% at 50,188.14 S&P 500 closed down 0.33% at 6,941.81 Nasdaq Composite closed down 0.59% at 23,102.47 S&P/TSX Composite closed up 0.71% at 33,256.83 S&P 40 Latin America closed down 0.57% at 3,746.47 U.S. 10-Year Treasury rate is down 1 bps at 4.135% E-mini S&P 500 futures are unchanged at 6,966.50 E-mini Nasdaq-100 futures are unchanged at 25,218.00 E-mini Dow Jones Industrial Average Index futures are up 0.13% at 50,338.00 Bitcoin Stats BTC Dominance: 59.12% (-0.29%) Ether-bitcoin ratio: 0.02914 (-0.81%) Hashrate (seven-day moving average): 1,002 EH/s Hashprice (spot): $33.56 Total fees: 2.6 BTC / $179,640 CME Futures Open Interest: 120,785 BTC BTC priced in gold: 13.1 oz. BTC vs gold market cap: 4.46% Technical Analysis BTC/USD is currently hovering below the 200-week exponential moving average, a critical support level that must be reclaimed to prevent further downside. The market now awaits the weekly close to confirm whether this breach marks a definitive breakdown or a temporary deviation. Crypto Equities Coinbase Global (COIN): closed on Tuesday at $162.51 (-2.83%), -3.39% at $157.00 in pre-market Circle Internet (CRCL): closed at $59.75 (-0.58%), -1.84% at $58.65 Galaxy Digital (GLXY): closed at $21.19 (+0.19%), -1.75% at $20.82 Bullish (BLSH): closed at $32.05 (+0.00%), -1.68% at $31.51 MARA Holdings (MARA): closed at $7.66 (-4.96%), -3.13% at $7.42 Riot Platforms (RIOT): closed at $14.83 (-0.94%), -2.29% at $14.49 Core Scientific (CORZ): closed at $18.13 (-2.26%), -2.48% at $17.68 CleanSpark (CLSK): closed at $10.03 (-1.57%), -2.49% at $9.78 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $42.62 (-2.76%) Exodus Movement (EXOD): closed at $10.86 (+1.12%) Crypto Treasury Companies Strategy (MSTR): closed at $133.00 (-3.93%), -3.12% at $128.85 Strive (ASST): closed at $9.18 (-9.51%), -3.27% at $8.88 SharpLink Gaming (SBET): closed at $6.65 (-6.47%), -0.60% at $6.61 Upexi (UPXI): closed at $0.98 (-7.14%), +1.96% at $0.99 Lite Strategy (LITS): closed at $1.03 (-1.90%) ETF Flows Spot BTC ETFs Daily net flows: $166.5 million Cumulative net flows: $54.98 billion Total BTC holdings ~1.27 million Spot ETH ETFs Daily net flows: $13.8 million Cumulative net flows: $11.91 billion Total ETH holdings ~5.84 million Source: Farside Investors While You Were Sleeping SkyBridge's Scaramucci is buying the bitcoin dip, calls Trump a crypto president (CoinDesk): Scaramucci noted that SkyBridge has been purchasing bitcoin at various price points, including around $84,000, $63,000 and in the current lower range. Tom Lee says stop timing the bottom and start buying the dip (CoinDesk): Thomas Lee, speaking on stage at Hong Kong Consensus 2026, said investors should be looking at opportunities as crypto is in the midst of a "mini winter." AI loser software stocks struggle as hardware earnings jump (Bloomberg): Europe’s software companies are set for slower earnings growth than their hardware counterparts, raising fears that AI will reshape software firms’ business models. Crypto Daybook Americas More For You AI mania is helping cap crypto's upside, Wintermute says By Francisco Rodrigues | Edited by Sheldon Reback 23 hours ago Your day-ahead look for Feb. 10, 2026 What to know : You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here . You won't want to start your day without it. Read full story Latest Crypto News Aviva Investors to tokenize funds on XRP Ledger in Ripple partnership 25 minutes ago Franklin Templeton and SWIFT say the future of banking is 24/7 and natively on-chain 48 minutes ago Bearish sentiment prevails as bitcoin falls below $67,000, ether drops 51 minutes ago Joe Lubin claims DeFi is as safe as traditional finance, adding that bitcoin is in crisis 1 hour ago Regulation, derivatives helping drive TradFi institutions into crypto, panellists say 1 hour ago DeFi is not really decentralized, it is unavoidably centralized 1 hour ago Top Stories Crypto's banker adversaries didn't want to deal in latest White House meeting on bill 13 hours ago SkyBridge's Scaramucci is buying the bitcoin dip, calls Trump a crypto president 9 hours ago Arkham Intelligence said to be shutting crypto trading platform as usage fails to sparkle 3 hours ago Hong Kong working to allow perpetual contracts, chief regulator says 7 hours ago Citadel Securities backs LayerZero as it unveils ‘Zero’ blockchain for global markets 14 hours ago Crypto PAC Fairshake leaps into first midterm Senate race with $5 million in Alabama 12 hours ago In this article ETH ETH $ 1,960.24 ◢ 2.35 % BTC BTC $ 67,288.35 ◢ 1.88 % AVAX AVAX $ 8.5872 ◢ 2.07 %