Bitcoin briefly fell below $69,000 on Feb. 9, trading at $68,868.58 with a 24-hour decline of 3.3%, HTX data show. The move reflects short-term downside volatility in BTC's dollar price on the exchange.

Binance Wallet will distribute an Alpha airdrop at 13:00 UTC today, the company announced. Users holding at least 241 Alpha points can claim tokens on a first-come, first-served basis until the pool is depleted or the campaign ends. Additional details will be released later, the announcement said.

Ethereum is trading near the midpoint of its weekly logarithmic regression channel and may face further downside this year before a new bull market begins, Into The Cryptoverse founder and CEO Benjamin Cowen said on Feb. 9. Cowen cited screenshot data showing a sustained bull phase would likely start only after ETH sweeps the lower bound of that channel, which he places at around $1,500.

Bitcoin fell below $70,000 on Feb. 9, trading at $69,842.51 with a 24-hour decline of 1.9%, HTX data show. The price has fluctuated just under the $70,000 level over the past day.

Outflows from digital asset investment products slowed to $187 million last week, CoinShares said in a Feb. 9 report. Assets under management fell to $129.8 billion, the lowest since March 2025. Bitcoin posted $264 million in outflows, while XRP, Solana and Ethereum drew inflows of $63.1 million, $8.2 million and $5.3 million respectively.

South Korea's Financial Supervisory Service said customers who sold tokens from Bithumb's accidental distribution of over $40 billion in Bitcoin on Feb. 9 are legally obliged to return the assets, Reuters reports. The FSS chief said the crypto sector has structural vulnerabilities and urgently needs stronger oversight. The watchdog added it would take a cautious stance on "ghost tokens" and Bitcoin spot ETF launches, and plans to expand its remit through a second phase of the Digital Asset Basic Act.

Rosen Law Firm opened a probe on Feb. 9 into potential securities claims for BAL investors over allegedly misleading business information, BlockBeats reports. The investigation follows a Nov. 3 attack reported by Bloomberg, with PeckShield and Cyvers estimating losses near $128 million. The firm is preparing a class action.

Stablecoin issuer Tether expanded its gold reserves to roughly 148 tons worth about $23 billion as of Jan. 31, placing it among the world's top 30 gold holders and above several sovereign states, a Feb. 9 Jefferies report cited by CoinDesk shows. The firm added about 26 tons in Q4 2024 and roughly 6 more tons in January, with quarterly purchases trailing only a few central banks including Poland and Brazil, and now exceeding reserves of Australia, the UAE, Qatar, South Korea and Greece. The gold primarily backs Tether's USDT stablecoin and gold-linked token XAUT; Jefferies noted that as a private company, Tether may disclose only minimum figures, while CEO Paolo Ardoino previously said the firm plans to allocate 10%–15% of its portfolio to physical gold.

Bitcoin has remained below its 100-week moving average for 13 days after closing under the trendline for three consecutive weeks, Coin Bureau CEO Nic said on Feb. 9. Historical data show BTC averages 267 days below the line following such breaks, with the shortest period at 34 days during the COVID-19 pandemic.