Crypto Focus - February 11, 2026 (Morning)

 ## Crypto Market Overview Overnight, the cryptocurrency market exhibited a risk-off sentiment as **$BTC** faced downward pressure, dropping below $67,000. This decline reflects broader concerns regarding macroeconomic indicators, particularly following the U.S. jobs report that showed stronger-than-expected job growth, which may lead to a more hawkish stance from the Federal Reserve. The total cryptocurrency market capitalization is currently hovering around $2 trillion, with Bitcoin dominance increasing slightly, suggesting that investors are gravitating towards the stability of Bitcoin amidst rising volatility in altcoins. Key narratives driving the crypto market today include the reaction to the recent job data, which has led to speculation on interest rate hikes, and discussions around regulatory developments. Notably, the ongoing SEC scrutiny and calls for clearer regulations continue to loom over market sentiment, with institutions observing closely how these factors may impact their crypto strategies. ## Bitcoin Analysis **$BTC** has seen a notable drop, currently trading at approximately $66,900 after a peak of around $69,000 earlier in the week. Key levels to watch include support at $66,500 and resistance at $68,500. ETF flows remain muted as investor sentiment cools, with the Bitcoin ETF market still awaiting clearer signals from regulators. On-chain metrics indicate a decrease in whale activity as large holders may be reassessing their positions in light of the recent price action. Exchange flows have shown a slight uptick in withdrawals, signaling that some investors may be opting to hold their Bitcoin in private wallets rather than keeping it on exchanges. ## Ethereum & Layer 1s **$ETH** is under pressure, trading just below $2,000, showing a correlation with Bitcoin's downward movement. The Ethereum network continues to handle a substantial volume of transactions, but the recent price decline has raised concerns about maintaining the momentum needed for the upcoming Ethereum upgrades. In the Layer 1 space, **$SOL** is garnering attention following announcements regarding new partnerships aimed at enhancing its ecosystem. However, **$ADA**, **$AVAX**, and **$DOT** have not displayed significant developments, and their price movements remain closely tied to Bitcoin's performance. ## Altcoin Watch In the altcoin sector, **$XRP** remains in focus as discussions around its ongoing legal battle with the SEC continue, with market participants keenly awaiting any developments that could affect its price trajectory. Meanwhile, meme coins like **$DOGE** and **$SHIB** have seen increased trading volumes, but their price action remains speculative, largely influenced by broader market trends. In the DeFi space, **$LINK** and **$UNI** are experiencing moderate volatility, with **$LINK** seeing increased interest due to its oracle services being integrated into various DeFi projects. **$MATIC** and **$ARB** are also attracting attention as Layer 2 scaling solutions continue to gain traction, although specific developments were not highlighted overnight. ## Crypto Trading Game Plan - Watch **$BTC** for key support at $66,500; a break below this level could trigger further selling. - Look for momentum in **$SOL** and **$LINK**, which may present buying opportunities if they maintain upwards trends. - Monitor macroeconomic developments closely, particularly any Fed comments that could impact interest rates. - Be cautious of heightened volatility in altcoins, especially with regulatory scrutiny looming. - Consider positioning in stablecoins to hedge against potential market corrections.