It’s been a comparatively dynamic week throughout the cryptocurrency trade. The overall market capitalization presently stands at round $2.36 trillion, which is kind of the place it was final Friday once we did the earlier weekly recap, however this doesn’t paint the entire image.
You see, BTC began the week as anybody would count on – chopping to the draw back, which inevitably led to an abrupt crash on Monday, when it dropped from above $67K to round $64K. This was adopted by an intraday lifeless cat bounce and a direct continuation to under $63,000. Sentiment was down dangerous, as was most of Crypto Twitter, however what adopted raised a couple of eyebrows.
Bitcoin truly began recovering… notably. It soared from $63K to $70K in lower than two days. After which got here one more signal that we’re amidst the depths of crypto winter – the restoration was put to a halt, and the bears as soon as once more took management, pushing the worth all the way down to the place we presently sit at barely above $66K. In case you might be questioning, we’re nonetheless in a state of “excessive concern,” based on the favored Crypto Concern and Greed index, which means that the lots are undoubtedly not satisfied that the worst is behind us. Actually, the newest bounce did little or no to enhance the general sentiment.
In the meantime, the co-founder of Ethereum, Vitalik Buterin, continues promoting ETH. To date, his whole disposals reached round 18,700 ETH, despite the fact that he beforehand acknowledged that he plans to promote 16,384 ETH to fund open-source software program and {hardware} improvement, privateness instruments, and security-critical infrastructure tasks.
Elsewhere, now we have some gentle on the finish of the tunnel for XRP holders, with spot shopping for seemingly on the rise. Whereas it has executed little for the worth thus far, this may very well be an indication of a structural shift in XRP’s market dynamics. Bitrue reported a 212% surge in spot shopping for on February twenty sixth, most of which was linked to ETF inflows, suggesting regular demand from funds.
All in all, the week began off as miserable, turned bullish, after which went again precisely to the place it was at first. Power is being dissolved rapidly as unfavorable sentiment prevails, which is extremely indicative of bear markets. That additionally makes it fairly thrilling to see what the subsequent seven days have in retailer for us.
Market Knowledge
Market Cap: $2.35T | 24H Vol: $113B | BTC Dominance: 56.1%
BTC: $66,097 (-1.5%) | ETH: $1,947 (+0.2%) | XRP: $1.35 (-3.2%)
This Week’s Crypto Headlines You Can’t Miss
Bitwise CIO Matt Hougan Rejects Jane Avenue Blame for Bitcoin Dip. Matt Hougan, the chief funding officer at Bitwise, has dismissed claims that Jane Avenue is orchestrating Bitcoin’s ongoing downturn. As a substitute, he stated that the present worth motion is typical of a “basic crypto winter.” Learn extra.
BSC Charges Hit Multi-Month Lows as Historical past Alerts Bitcoin Rebound Forward. The Binance Good Chain (BSC) noticed its whole charges paid drop to $593,000, which just about marks the community’s lowest utilization value since at the very least August 2025. Learn extra.
2026 US Midterms Emerge as Potential Turning Level for Crypto Markets. The 2026 US midterm elections are closing in. Many view them as a possible catalyst that’s tied to liquidity cycles in conventional monetary markets, in addition to a restoration within the broader cryptocurrency market. Learn extra.
Bitcoin’s Restoration Isn’t Right here But – Right here’s What Nonetheless Must Flip. Knowledge exhibits that BTC stays trapped in a structurally defensive consolidation. This occurs as the worth oscillates between $60K and $90K. Due to this fact, for a restoration to start out shaping, the worth must push above the higher boundary. Learn extra.
Vitalik Buterin Exceeds 16,384 ETH Promoting Goal with $38M in Complete Disposals. The co-founder of Ethereum (and sure probably the most outstanding particular person behind it), Vitalik Buterin, is dumping ETH. Actually, he has exceeded his beforehand acknowledged plan to promote 16,384 ETH by virtually 20%. Learn extra.
Wall Avenue Is Going On-Chain, And Buyers Nonetheless Don’t Get It, Says Bitwise CIO. In accordance with the CIO of Bitwise, traders usually misread what is actually taking place out there because of behavioural biases and assume that Wall Avenue is already going on-chain. Learn extra.
Charts
This week, now we have a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click on right here for the whole worth evaluation.
The put up Buterin Offloads ETH, Bitcoin Unable to Push Previous $70K, XRP Spot Shopping for Will increase: This Week’s Crypto Recap appeared first on CryptoPotato.