Crypto prices today are currently reeling from a combination of a liquidity scare, highlighted by BlockFills halting withdrawals, and the anxiety over the US Inflation report due on February 13.
Bitcoin price is trying hard to stay on the $67,000 price level, dipped 0.45% over the last 24 hours. Despite the dip, JPMorgan analysts indicate a bullish stance on the world’s largest cryptocurrency by market cap.
While US markets are weighed down by a deadlock over the CLARITY Act, Thailand's approval of crypto-backed derivatives boosts investor sentiments.
Crypto prices today showed mixed emotions. Bitcoin is trying to maintain its footing above $65,000, a huge dip from the $100,000 high of 2025. The euphoria of the US elections and Trump’s presidential win seems to be waning as retail investors grapple with the reality of crypto bill delays and the US 2026's economic data.
Ethereum is barely holding on at $1,967, trading in the green zone. Most top coins like Solana and XRP, on the other hand, are just bleeding out slowly. The global market cap has dipped 0.35% to $2.3 trillion at press time. Here’s why the crypto market is down today, based on CoinMarketCap data.
Bitcoin price today went down 0.45% over the last 24 hours to trade at $67,062.14. The world's largest cryptocurrency traded as low as $60,000 in the early hours before recovering to the current levels.
CoinSwitch Markets Desk commented, “BTC briefly dipped below $66,000 before recovering toward $68,000, showing buyers are still active at lower levels. Meanwhile, stronger-than-expected US January jobs data, 130,000 jobs added, and unemployment at 4.3% reduced hopes of an early rate cut, keeping markets cautious.”
Riya Sehgal, Research Analyst, Delta Exchange, added to the sentiment, saying, “Buyers are active around lower supports, hinting at accumulation. A sustained 4-hour close above $68,800-$69,000 would signal strength and could push prices toward $70,700-$72,000. Holding above $70,000 would shift momentum toward a broader rebound and end the correction.”
Providing an Indian perspective, Nischal Shetty, the Founder of WazirX, explained, "Globally, central banks remain cautious as inflation pressures persist. While in India, the RBI has signaled a pause after its recent rate cut, with rising commodity prices and a weaker rupee likely preventing further easing in the near term. This indicates a shift toward maintaining stability rather than actively stimulating growth. Recent inflows into US Bitcoin ETFs suggest that long-term participants continue to accumulate during periods of consolidation. Historically, such sideways phases have often preceded stronger directional moves once macro clarity improves."
Ethereum price today bucked the market-wide downtrend with a gain of 0.11% to $1,967.21. Riya Sehgal noted, “Ethereum remains range-bound near $1,960, capped below $2,000-$2,200 with support at $1,800-$1,850.”
CoinSwitch analysts had an optimistic outlook, explaining, “ETH continues to see long-term commitment, with over 30% of its supply now staked, worth more than $70 billion."
Solana price was at $80.43, down 1.77% in the last 24 hours. XRP price fell 0.43% to $1.37.Other notable movements in crypto prices today include:
Gainers of the Day
BNB: $614.07, up 0.62%
Dogecoin: $0.09194, up 0.23%
TRON: $0.2779, up 0.75%
Losers Among World’s Top Ten Coins
Cardano: $0.2581, down 0.21%
Bitcoin Cash: $511.45, down 1.21%
Stablecoins USDT and USDC were steady around their $1 peg with massive trading volumes of $95.3 billion and $15.6 billion, respectively.
Here are the headlines impacting crypto prices today.
Trump Meme Coin Fallout Continues
A widely-shared analysis reflects on how the TRUMP meme coin launch and subsequent crash damaged confidence in crypto markets. The token launched days before Trump's inauguration, briefly reaching billions in market cap before crashing 80-90%, leaving many retail investors with heavy losses.
Bitcoin initially surged past $100,000 after Trump's election victory on expectations of pro-crypto policies. However, the promised Bitcoin strategic reserve and major regulatory reforms like the CLARITY Act have not materialized, contributing to the market's slide back to current levels around $67,000. The lingering disappointment from unmet expectations continues to pressure crypto prices and sentiment.
The White House meeting held on February 10 to solve the issues surrounding the crypto market structure bill ended with no definite results on the passing of the bill. Banks and crypto industry representatives butted heads over the stablecoin yield provisions in the CLARITY Act.
Ripple's Chief Legal Officer, Stuart Alderoty, in a recent statement, said ‘compromise is in the air’. He urged fast action while the legislative window is open. However, banks insist the bill must not undermine traditional bank deposits. On the other hand, crypto firms want expanded coverage for stablecoin yields.
Prediction markets show mixed expectations, with Polymarket pricing a 56% chance of passage in 2026, down from 72% after recent Senate discussions. The White House reportedly wants a deal by March 1. However, uncertainty over the bill's path forward continues to weigh on crypto market sentiment and could be contributing to today's price declines.
Goldman Sachs is warning that the US inflation report due on February 13 could push the Federal Reserve back toward a tougher policy stance. Analyst Kay Haigh said if the Consumer Price Index "unexpectedly rises, it may tilt the Federal Reserve towards a more hawkish stance."
The warning matters for crypto because digital assets remain a leveraged bet on Fed policy. If inflation forces the Fed to delay or reduce rate cuts, risk assets, including Bitcoin, Ethereum, XRP, and Solana, could face renewed pressure. Goldman's base case still assumes two more rate cuts this year, but a hot CPI reading could change that outlook and push crypto prices lower.
Contrary to Goldman Sachs’ bearish outlook, JPMorgan Chase remains optimistic about crypto in 2026. It cited potential institutional inflows and regulatory clarity for the outlook. The world's largest bank by market cap recently said it expects "a further rise in the digital asset flow, but more led by institutional investors."
JPMorgan analysts estimate Bitcoin's production cost at roughly $77,000 currently, which could create a new price floor after miner capitulation. If Bitcoin continues trading below production cost for extended periods, miners may abandon operations, leading to a self-correction in production costs.
The bank also noted that gold's higher volatility compared to Bitcoin makes the latter ‘more attractive’ to some investors. JPMorgan is counting on institutional investors, rather than retail traders or corporate treasuries, to drive the crypto rebound, with progress on bills like the CLARITY Act expected to boost confidence.
Thailand's Securities and Exchange Commission will now update licenses and set contract rules to integrate crypto into formal capital markets, according to a Decrypto report. This positive regulatory development could support crypto prices today and provide a framework for institutional participation.
"This development will help promote more inclusive market growth, facilitate diversification, and more effective risk management," said SEC Secretary-General Pornanong Budsaratragoon. The move builds on Thailand's three-year capital markets plan that includes crypto ETFs and tokenization projects.
Institutional crypto trading platform BlockFills has suspended withdrawals and restricted trading. The move echoes the 2022 crypto winter when multiple platforms froze customer funds. The Chicago-based firm, which handled $60 billion in trading volume last year, cited ‘recent market and financial conditions’ for the decision.
A spokesperson said clients can still trade to open and close positions in spot and derivatives, but cannot deposit or withdraw funds. The news comes as crypto markets face sharp volatility, with Bitcoin earlier trading as low as $60,000 before recovering to current levels around $67,000.
Also Read: Is Bitcoin’s Market Cycle Changing in 2026?
The crypto market faces a critical test with US inflation data scheduled for a February 13 release. It could determine the Fed's rate path and impact digital asset prices.
Avinash Shekhar, Co-founder and CEO, Pi42, commented, “For investors looking ahead, it is more important than ever to focus on fundamental conviction and disciplined entry points. Lower price levels can offer attractive opportunities to accumulate selectively, especially where structural demand remains intact, and network fundamentals are strong.”
Shekhar further elaborated, “A measured approach that prioritizes staggered buying and clear objectives will help navigate the current ebb and flow of market sentiment while positioning for potential upside once volatility stabilizes.”
After all, the Crypto Fear & Greed Index sits at 12, indicating ‘extreme fear’ today.
Regulatory progress in Thailand and potential US legislation could offer bright spots. However, immediate headwinds from platform liquidity concerns and macro uncertainty continue to weigh on sentiment.
Also Read: Crypto News Today: Danske Bank Opens Bitcoin and Ethereum ETP Access After Ending Crypto Ban
1. What is Bitcoin price today?
Bitcoin price fell to $67,062 after facing selling pressure linked to macro concerns. Stronger US jobs data reduced hopes of early rate cuts, which hurt risk assets like crypto. Traders are watching inflation data closely. If inflation rises, the Federal Reserve may stay hawkish. That could keep Bitcoin under pressure in the short term.
2. Why is XRP trading below $2?
XRP is trading at $1.37 after declining 0.43% in the last 24 hours. The drop comes amid broader crypto market weakness. Investors are cautious due to delays in US crypto legislation and uncertainty around stablecoin rules. When overall market sentiment turns negative, altcoins like XRP often see faster declines than Bitcoin.
3. What happened with BlockFills?
BlockFills, an institutional crypto trading platform, halted withdrawals and restricted deposits. Clients can still trade but cannot move funds out. This raised concerns about liquidity and counterparty risk. Events like this remind investors of the 2022 crypto winter. Such developments can lower trust and increase short-term market volatility.
4. What is the latest crypto news impacting markets today?
Goldman Sachs warned that a higher inflation reading could delay Federal Reserve rate cuts. Crypto assets often react strongly to Fed policy. If rates stay high for longer, investors may reduce exposure to risky assets like Bitcoin and Ethereum. This link between inflation data and crypto explains today’s cautious trading behavior.
5. Will the crypto market recover soon?
There is some positive news supporting the bullish outlook for the crypto market in the near future. Thailand approved crypto-backed derivatives under regulated markets. This move could attract institutional investors and improve market structure. JPMorgan also remains bullish on crypto in 2026, expecting more institutional inflows. While short-term volatility remains high, regulatory clarity and long-term adoption trends offer some positive signals for the market.
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