A sharply critical opinion column by Jemima Kelly in the Financial Times, titled "Bitcoin is still about $70,000 too high," argued that Bitcoin is ultimately headed to zero, shortly after the asset fell toward $60K and then traded around $70K. Many cryptocurrency investors treated the article as a contrarian signal and used it as a cue to buy the dip, openly mocking the publication's stance and questioning its relevance. Community comments suggested that such mainstream declarations that Bitcoin is "dead" are being interpreted by some as a bullish indicator rather than a warning.

Economist Lyn Alden argues that the Federal Reserve is shifting away from aggressive interventions toward a steadier balance sheet expansion linked to nominal GDP or total bank asset growth. She believes this gradual approach will still debase the currency over time while supporting asset prices in a more controlled way, as investors track money supply trends, rate-cut odds and leadership changes including Kevin Warsh's nomination to succeed Jerome Powell before his term ends in May 2025.

Japan's Nikkei 225 jumped 3.4% to a record 57,000 after Prime Minister Sanae Takaichi's landslide win and a proposed $135 billion stimulus, according to the report. Gold pushed past $5,000 per ounce, while Bitcoin briefly hit $72,000 before holding above $70,000. A Trump post dated February 8, 2026 added to upbeat sentiment.

CoinShares Bitcoin research lead Christopher Bendiksen argues that concerns over quantum computers breaking Bitcoin are overstated, as only a small portion of the 1.63 million BTC analyzed sits in addresses with exposed public keys. He estimates that 10,230 BTC are in wallets theoretically vulnerable to quantum algorithms, while most holdings would take over a thousand years to crack even under optimistic assumptions. The debate in the Bitcoin community continues, with some experts calling quantum an existential risk and urging early upgrades to post-quantum signatures.

Solana's price remains locked beneath its 9-day and 20-day EMAs, with momentum indicators still favoring sellers even as downside pressure begins to ease. Order book data shows layered bid support around $80, $79, and $78, while notable ask walls near $90, $92.5, $95, and higher resistance around $132–$141 could shape any recovery attempts. With RSI in oversold territory and MACD still negative, the market appears to be entering a potential stabilization or consolidation zone rather than confirming a clear bullish reversal.

Bitcoin is under pressure on the daily chart as a bearish 9-day and 20-day EMA crossover coincides with oversold RSI conditions, while the price trades well below these short-term averages. Order book data highlights a key battle around $69,000, with notable bid support near $69,201 and nearby ask walls just above that level, as traders watch resistance at $72,736 and support down to $60,649 for potential next moves.

ONDO remains under key short and medium EMAs while momentum holds near oversold readings. According to Ecoinimist, heavy sell interest sits at $0.3800 and $0.4635, with a deep bid wall at $0.1300 and a minor support near $0.2545 shaping near-term risk. A failure of $0.2545 could leave limited bids until much lower levels.

The Dow Jones Industrial Average climbed 1,207 points, or 2.47%, to finish at 50,115.67, marking the first time the index has ended a session above the 50,000 level. The rally broadened beyond technology into financial and industrial stocks, while Donald Trump said on Truth Social that the benchmark could eventually hit 100,000.

Provisional Google Trends data show worldwide searches for Bitcoin reached a score of 100 in the week beginning Feb. 1, the highest in 12 months. The move followed a slide from about $81,500 on Feb. 1 to roughly $60,000 within five days, before a rebound to around $67,800. The Crypto Fear & Greed Index fell to 6, indicating extreme fear.