Bitcoin has recovered to around $70,400 (\u20b963.7 lakh) from a mid-week low near $60,000, while Ethereum trades near $2,100 (\u20b91.88 lakh) and has lagged Bitcoin, dropping over 23% at its weekly low.<\/p>\n\n\n\n After prices briefly fell close to $60,000, Bitcoin recovered and was trading around $71,000, up about 3% day-on-day. Despite the rebound, Bitcoin has lost around 8% of its value this past week, while some altcoins have slid more than 30% (As of 9 February, 12:50 PM).<\/p>\n\n\n\n What were the key market drivers?<\/strong><\/p>\n\n\n\n Macroeconomic backdrop:<\/strong> Market sentiment remains cautious following the nomination of Kevin Warsh as Federal Reserve Chairman, which has contributed to expectations of a potentially more restrictive monetary policy stance.<\/p>\n\n\n\n Institutional flows:<\/strong> Despite recent price declines, U.S. Bitcoin ETFs recorded $221 million in net inflows on 6 February, indicating continued institutional participation. MicroStrategy\u2019s average acquisition cost of $76,037 has also emerged as a notable reference point for market sentiment.<\/p>\n\n\n\n Technical context:<\/strong> Bitcoin is currently trading within the $70,000\u2013$72,000 range, which analysts identify as an important near-term zone. Levels around $75,000 are commonly cited as a threshold associated with a broader shift in market structure.<\/p>\n\n\n\n Aster has seen a sharp short-term move, rising around 13% in 7 days, alongside increased trading volumes, pointing to heightened market activity. As broader crypto markets attempt to stabilise, some flows have shifted toward higher-beta assets, including Aster.<\/p>\n\n\n\n From a technical perspective, the token has moved above a five-month downtrend, supported by rising volumes. Chart structures such as an inverse head-and-shoulders and a V-shaped rebound suggest improving price momentum, with recent trading activity concentrated around the $0.60\u2013$0.56 range. As always, DYOR.<\/p>\n<\/div><\/div>\n\n\n\n Our experts offer trade recommendations with clear entry points, take-profit targets, and stop-loss levels to help you make informed decisions in a fast-moving market.<\/p>\n\n\n\n From 30th January to 6th February, over 18 trades were activated, with 13 trades reaching their profit targets, achieving a 72.2% win rate for the week. The weekly and average ROI also stood at +194.17% and +17.11%, respectively!<\/p>\n<\/div><\/div>\n\n\n\n Initial jobless claims influence views on economic strength and interest rates, shaping risk sentiment. Rising claims can support crypto via rate-cut expectations, while falling claims may pressure prices.<\/p>\n\n\n\n CPI data influences interest rate expectations and liquidity, which affect crypto market sentiment. Higher inflation often weighs on prices, while lower inflation can be supportive.<\/p>\n","protected":false},"excerpt":{"rendered":" Your weekly crypto digest is here: market shifts explained, top news unpacked, and one coin spotlighted for your radar. After a week of intense volatility and steep corrections, the crypto market is showing early signs of stabilisation. Bitcoin\u2019s drop to its lowest levels since early 2024 was followed by a cautiously constructive rebound. \ud83d\udcca Market […]<\/p>\n","protected":false},"author":21,"featured_media":84037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_import_markdown_pro_load_document_selector":0,"_import_markdown_pro_submit_text_textarea":"","footnotes":""},"categories":[1894,1848],"tags":[519],"class_list":["post-84036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates","category-market-in-sights","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/84036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/comments?post=84036"}],"version-history":[{"count":1,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/84036\/revisions"}],"predecessor-version":[{"id":84041,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/84036\/revisions\/84041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/media\/84037"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/media?parent=84036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/categories?post=84036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/tags?post=84036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/02\/G-L-Section-13-1024x669.png\" "\\"\\"")
<\/figure>\n\n\n\n\ud83d\udcf0Top News of the Week<\/strong><\/h2>\n\n\n\n
\u2b50 Coin of the Week: Aster Network (ASTER)<\/strong><\/h2>\n\n\n\n
![\"\"](\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/02\/Asterlogo.png\" "\\"\\"")
<\/figure>\ud83c\udfcaDive deeper<\/strong><\/h2>\n\n\n\n
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\ud83d\udcc8 Mudrex Trading Signals<\/strong><\/h2>\n\n\n\n
![\"\"](\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/02\/Mudrex-Trade-Signal-13.png\" "\\"\\"")
<\/figure>\ud83d\udd0e Key Events to Watch<\/strong><\/h2>\n\n\n\n
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