New York, February 10, 2026, 10:08 EST — Regular session
- Bitcoin dropped roughly 1.4%, falling to $68,700 after slipping below the $70,000 mark.
- Net inflows hit U.S. spot bitcoin ETFs on Feb. 9, a day watched by those tracking institutional interest.
- Traders are staking their bets on this week’s U.S. jobs and inflation data, looking for the next signal on where markets head.
Bitcoin dropped Tuesday, sliding below $70,000 as it surrendered earlier advances. The cryptocurrency was recently off around 1.4% at $68,743, having bounced between $67,958 and $71,029 during the session.
This $70,000 level is turning into a battleground. If bitcoin slips below, the momentum fizzles almost immediately. Push above it, and sellers are right there, not hesitating to step in.
U.S. spot bitcoin ETFs, which trade on exchanges and follow the cryptocurrency’s price, are now the market’s quick-read report card. Net inflows hit $144.9 million on Feb. 9, Farside Investors data show. 1
Ether, the number two cryptocurrency, slid too—last quoted around $2,013, off roughly 2.5%.
Bitcoin’s been stuck between $68,000 and $72,000 lately, as traders tread carefully with pivotal U.S. jobs and inflation data on tap this week, according to Investing.com. 2
Shana Orczyk Sissel, who runs Banríon Capital Management, isn’t shying away. “I would certainly be buying on weakness,” she said, pointing to “long-term upside in the crypto space.” 3
Some in the crypto industry are noticing larger players moving in, though not across the board. Akshat Siddhant, lead quant analyst at Mudrex, pointed out that bitcoin was “holding strong,” with both institutional buyers and so-called “whales” picking up coins on the dip. He estimated that big holders had snapped up more than 40,000 bitcoins since Friday. Strategy, he added, grabbed another 1,142 bitcoins valued at close to $90 million. Giottus CEO Vikram Subburaj said the recent fall “flushed out leveraged positioning” and sent sentiment firmly into “risk-off” territory, as investors stepped away from riskier bets. 4
But the risks are hardly subtle here—when sentiment slips, bitcoin’s price tends to snap back fast, and big, sudden moves are more common than not. Compass Point analyst Ed Engel pointed to a possible slide back towards $60,000 in a note picked up by Barron’s. 5
Eyes shift to U.S. January jobs figures landing February 11, with CPI for the same month following on February 13 at 8:30 a.m. ET—both flagged as the next big variables for rates and risk assets, per the Labor Department’s release calendar. 6
