As of February 9 2026, worldwide Google searches for "crypto" have slipped to 30 out of 100 while total market capitalization has fallen 43% from $4.2 trillion to about $2.4 trillion. Bitcoin has dropped below $64,000, trading volumes are sharply lower and key sentiment gauges indicate extreme fear, though US search interest has partially rebounded since January.

On Friday, February 6, CoinShares said fears about Bitcoin's quantum vulnerability are overstated. The firm's analysis focuses on legacy P2PK exposure, estimating roughly 1.6 million BTC there but only about 10,200 BTC in large accounts that could disrupt markets, while stressing today's quantum machines lack the 13 million physical qubits needed to break keys quickly.

On a Friday post, CoinShares researcher Christopher Bendiksen argued that just 10,230 of 1.63 million quantum-exposed Bitcoin sit in addresses large enough to be attractive for an attack. He claimed most at-risk coins are in smaller wallets that would each take around a thousand years to crack, even under highly optimistic assumptions about quantum computing progress.

From May 2021 through early February 2026, Aave handled more than $4.65 billion in liquidations triggered by broad crypto sell-offs and Bitcoin price shocks. As liquidations spread from Ethereum to Polygon, Avalanche, Arbitrum, and Base, Aave's SVR framework monetized roughly $559.8 million in SVR liquidations, recapturing $13.17 million in value for the protocol and its partners. This structure allowed Aave to convert volatility and forced unwinds into sustainable, treasury-linked revenue rather than pure market losses.

After Bitcoin slipped under the $70,000 mark, Bitwise CEO Hunter Horsley said on Friday that long-term holders appear uncertain while institutional investors see a renewed buying opportunity. Bitcoin has declined more than 22% over the past month and was trading near $69,635 amid wider weakness in liquid assets, even as institutional inflows into Bitwise products topped $100 million on a single day.

In a February 8 newsletter, Lyn Alden said the Federal Reserve is likely to expand liquidity in a measured way by growing its balance sheet broadly in line with bank assets or nominal GDP. She expects this backdrop to favor scarce, high-quality assets while cautioning against overheated segments, and she does not foresee large-scale stimulus in the near term.

Following an extended period of selling, XRP has recorded a bounce-related trading volume of nearly $991 million across major exchanges, hinting at a tentative return of risk appetite. Ethereum has reclaimed levels above the $2,000 psychological mark, while Shiba Inu is trading in one of its most oversold technical conditions in recent periods, suggesting that downside momentum may be easing.

Ahead of the upcoming U.S. jobs report, Bitcoin is trading back above $70,000 after dropping below $61,000 on Thursday night, while gold remains above $5,000 and silver is near $77. U.S. stock futures are slightly higher, with S&P 500, Nasdaq 100, and Dow futures all edging up following a volatile week and a strong rebound on Friday.