Bitcoin price slips under $70,000 as U.S. data week and South Korea warning keep traders edgy

Bitcoin dropped roughly 2.8% Monday, landing at $69,317. The price slid back under the $70,000 mark after hitting a session low of $68,371 in early U.S. hours, before bouncing to $72,024 and trimming some of the decline.

Bitcoin · Cryptocurrency · NASDAQ:COIN · NASDAQ:MARA
South Korea’s watchdog flags tougher crypto rules after Bithumb’s $40 billion bitcoin giveaway

South Korea’s watchdog flags tougher crypto rules after Bithumb’s $40 billion bitcoin giveaway

South Korea’s top financial regulator on Monday pointed to Bithumb’s accidental $40 billion bitcoin giveaway as a stark example of why the country needs stricter crypto regulations. “We are particularly worried about the issue of information systems,” said Financial Supervisory Service Governor Lee Chan-jin. https://www.reuters.com/sustainability/boards-policy-regulation/south-korea-watchdog-says-40-billion-giveaway-shows-new-rules-needed-tackle-2026-02-09/
9 February 2026
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Bitcoin price steadies above $70,000 after whipsaw week as CPI and Coinbase earnings loom

Bitcoin price steadies above $70,000 after whipsaw week as CPI and Coinbase earnings loom

Bitcoin hovered at $70,523 late Sunday, up roughly 2.2% and still trading over the $70,000 line, as traders watched to see if last week's bounce could weather more macro news. Ether advanced 2.1% to $2,084. U.S.-listed crypto stocks rallied Friday—Coinbase popped 13%, Strategy ran up 26%. Miners Marathon Digital and Riot Platforms closed out the week higher by 22% and 20% apiece.
8 February 2026
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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong buy

Alphabet

NASDAQ:GOOGL 92/100 • ★★★★½
#2 Strong buy

Taiwan Semiconductor Manufacturing

NYSE:TSM 89/100 • ★★★★½
#3 Buy

S&P Global

NYSE:SPGI 88/100 • ★★★★
#4 Buy on weakness

Amazon

NASDAQ:AMZN 86/100 • ★★★★
#5 Buy on weakness

Microsoft

NASDAQ:MSFT 84/100 • ★★★★
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MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Chicago Fed National Activity Index

A surprise around the 0.10 forecast could shift the morning growth narrative and influence Treasury yields and the dollar before the opening bell.

#2

PDD Holdings earnings

The day’s largest scheduled equity report can move PDD and the broader China-internet / e-commerce complex through revenue growth, margins and Temu commentary.

#3

XPeng earnings

Deliveries, margin progression and spending on AI-enabled mobility can affect U.S.-traded Chinese EV names and related technology suppliers.

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