Santiment said on Saturday that retail traders are scanning for signs of 'capitulation' to time entries, implying a bottom may already have formed. Google Trends shows 'crypto capitulation' searches rising from 11 in the week ending Feb. 1 to 58 in the week ending Feb. 8. Bitcoin fell 24.27% over 30 days and was $68,970 at publication.

On February 8, 2026, Elon Musk's net worth was reported at $845 billion, making him the first individual to exceed $800 billion. A $1.25 trillion SpaceX takeover of xAI left him with about 43% of the combined company, a stake valued at more than $530 billion. Tesla shareholders also approved a performance-based pay package that could reach $1 trillion.

On February 7, Mempool reported that Bitcoin mining difficulty in China fell 11.16% to 125.86 trillion, marking the largest single-step reduction since the ban five years ago. Analysts cited about a 20% decline in total hashrate over 30 days, price weakness, and weather-driven curtailments. Luxor data showed hashprice slid to $33.31/PH/s/day on February 2.

Monero's price surged parabolically in January before setting a new all-time high at $798, then slid into a 63.7% correction over 22 days as Bitcoin lost bullish momentum. XMR has broken long-term trendline support, moved below major Fibonacci retracement levels such as $352, and recently touched $276, while indicators like the A/D and DMI point to persistent selling pressure and an ongoing downtrend.

Market analyst Umair Crypto has updated his technical outlook on Solana after the altcoin broke key supports and slumped below $80 to a two-year low. He notes that Solana’s structure is still firmly bearish but sees room for a gradual recovery if price can reclaim levels such as the former $100.93 point of control. Umair outlines upside targets at $120.59, $128.43, $138.77, and $150.36, with a longer-term projection toward $200–$210 if SOL can sustain strength above $150.36.

On Saturday, Feb. 7, on-chain data showed Shiba Inu recording a net exchange outflow of -212,479,300,000 SHIB as its price rebounded after a market-wide slump. The strong outflows indicate buyers are withdrawing more tokens from exchanges than are being deposited for sale, even as SHIB's rapid rally cools to a modest 0.85% daily gain.

21Shares' move to file an ONDO ETF has renewed attention on the token, while price action stays constrained by structure. ONDO rose nearly 8% in the past 24 hours toward the $0.25 area, yet remains below the $0.356 barrier with sellers capping rebounds. Derivatives volumes fell 40.51% to $227.96 million and funding neared -0.0024%, pointing to defensive positioning.

In the past day, Bitcoin Cash rose by as much as 20% to an intraday peak of $544, driven by stronger on-chain usage and bullish futures positioning. Between 1 and 17 February, BCH transactions increased from 9,769 to 14,240, while short liquidations of about $1.5 million far outpaced $102,340 in long liquidations. However, a declining hashrate and roughly $1.1 million in spot selling over the same period could challenge the sustainability of the rally.