Solana

Bitcoin moved back above $70,000 after a choppy 2024, with a weekly close below $68,000 seen as invalidation and a potential $60,000 retest. Projections point to $150,000–$200,000, while the path includes $85k–$92k and possibly $100,000 by year‑end. Bitcoin Hyper uses SVM and has attracted $31.3M, with tokens at $0.0136753.

Jack Dorsey's Block Inc. is preparing to cut about 10% of its workforce to limit total headcount to 12,000 employees, focusing on efficiency and agility rather than pure expansion. In parallel, the Bitcoin Hyper Layer 2 project, which integrates the Solana Virtual Machine with Bitcoin to address latency and fee constraints, has attracted more than $31.3M through its HYPER token presale. The token is priced at $0.0136753 during the sale, and the project promotes immediate staking with a 7-day vesting period for participants.

Solana's recovery faded under $90, with $88–$92 acting as resistance and $80 as initial support. According to analysis using Kraken data, SOL trades above $80 and the 100‑hour SMA after bouncing from $68, but a failure to clear $92 could re-open downside toward $84 and $80.

On February 8, 2026, Forward Industries chairman Kyle Samani criticized Hyperliquid and its founder Jeff Yan, alleging the platform embodies crypto's issues and is closed source and permissioned. The article notes these claims are unverified. Hyperliquid highlighted upcoming HIP-4 outcome markets and, following HIP-3, saw over $12 billion in volume via TradeXYZ.

On 8 February 2026, the crypto market's total capitalization climbed 2.42% to $2.39 trillion, while sentiment remained deeply negative with the Fear & Greed Index at 8. Bitcoin changed hands near $70,214 after a 3.83% daily gain but was still down 10.54% over the week, and Ethereum rose 4.69% to $2,092 alongside broader large-cap advances. Derivatives markets stayed stressed, with $297.68 million in liquidations in 24 hours and short positions making up $217.45 million of that total.

Spot Solana ETFs saw net inflows this week, lifting total net assets to $674 million even as SOL traded around $87.17 with compressed Bollinger Bands. Derivatives showed caution, with RSI near 51, open interest around $2.34 billion, and a negative funding rate of -0.0222, suggesting bears held the upper hand.

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.

On 06 February, after three sessions of outflows, crypto markets saw a single-day swing above 10%, and Solana began outperforming Ethereum on several metrics. Solana’s perpetuals volume reached $12.1 billion versus Ethereum’s $9.6 billion, while its stablecoin market rose 8.5% versus 0.2%. The SOL/ETH ratio hovered near 0.04, a historically important area.

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 6 February 2026, Bitcoin ETFs saw roughly $331 million in net inflows, while Ethereum products registered about $21 million in net redemptions and Solana funds also posted withdrawals. XRP spot ETFs stood out with approximately $15 million in net inflows, underscoring a preference for Bitcoin and select altcoins over broader crypto exposure.