Crypto Market Update Feb 9: Bitcoin Climbs To $70K, ETH Holds At $2K

Crypto Market Today: WARD Gains 37%, ASTER Up 8% While MemeCore Falls

Key Highlights: Overall Crypto Market Update, 9 Feb 2026:

• Global cryptocurrency rises 0.9% to $2.47T despite extreme fear 14

• Bitcoin dominance stood at 57.1%, whereas ETH holds 10.2%.

• Mixed news, layoffs, and expectations shape the industry.

Major Crypto Market Events Today

Source: Forex Factory

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global cryptocurrency market today reached a capitalization of $2.47 trillion, noted a 0.9% upward trend in the last 24 hours, whereas Total trading volume was recorded at $98.4 billion.

Bitcoin’s (BTC) dominance over the industry remains intense at 57.1%, while Ethereum (ETH) holds 10.2%. The largest gainers in the industry over the past day are Polkadot and XRP Ledger Ecosystem.

Bitcoin (BTC) and Ethereum (ETH) Price Analysis:

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)

• Bitcoin (BTC) price today reached $70833.81, surged 2.48% in the last 24 hours, with a trading volume of $40.36 billion and a market cap of $1.41 trillion.

• Ethereum (ETH) price today is at $2096.12, soars 0.65% in 24 hours with a trading volume of $20 billion and a market cap of $252 billion.

Top Trending Crypto Coins Price in 24 Hours:

(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)

• Warden price (WARD): $0.1372, up 36.97%, trading volume (TV): $275.4M.

• Aster price (ASTER): $0.6298, up 10.99%, TV: $264.1M.

• Pippin price (PIPPIN): $0.2484, up 31.87%, TV: $83.41M.

• Dusk price (DUSK): $0.1175, up 27.83%, TV: $88.03M.

• Hedera price (HBAR): $0.09147, up 1.69%, TV: $143.59M.

Top 3 Crypto Gainers in 24 hours:

(Ranked by 24-hour percentage gain)

• Humanity Protocol price today (H): $0.14, climbed 12.68%, trading activity $32.32M.

• Aster price today (ASTER): $0.6251, gained 9.71%, trading activity $263.54M.

• UNUS SED LEO price today (LEO): $8.42, rose 7.95%, trading activity $1.29M.

Top 3 Crypto Losers in 24 hours

(Ranked by 24-hour percentage loss)

• MemeCore price (M): $1.31, down 29.82%, trading activity around $17.84 million.

• Filecoin price (FIL): $0.9289, lower by 5.16%, with trading volume near $80.81 million.

• Ethena price (ENA): $0.1204, slipped 4.47%, trading activity close to $84.61 million.

Stablecoins and Defi Update:

• Stablecoins reflect no positive change over the past 24 hours, with a market capitalization of $311 billion and trading volume of $79 billion.

• The Overall (Defi) Decentralized Finance market escalated 0.4% over the last 24 hours, recording a market cap of $49.9 billion and trading volume (TV) at $4 billion. Defi dominance globally marked 2.0%.

Bitcoin Fear and Greed Index Today

Source: Alternative Me

Today’s Crypto Fear & Greed Index stands at 14, signaling extreme fear after recent market volatility and price corrections. Yesterday’s index was 7, last week 14, and last month 25, showing weakening investor confidence due to uncertainty across cryptocurrency markets. 

Latest Crypto Market News Today, Feb 9

(Note: All of these updates have an effect on traders, as they affect liquidity,  sentiment, and potential returns, and thus have to be monitored closely.)

1. Block Inc. Plans Layoffs Amid Restructuring: Block Inc. begins layoffs during performance reviews, potentially cutting 10% workforce, about 1,100 employees, as restructuring continues despite expected profits with $6.25B quarterly revenue forecast.

2. Cathie Wood Backs Crypto Amid Fear: Cathie Wood says crypto fears are overdone, calls Bitcoin, Ethereum, and Solana the “Big Three,” as ARK buys crypto stocks amid panic, gold rally hints at a breakout.

3. Arthur Hayes Exits DeFi Positions: BitMEX co-founder Arthur Hayes sold four DeFi tokens bought in December, closing positions with about $3.48 million loss, according to EmberCN monitoring data shared today.

4. Tether Expands Global Vision: Tether expands investments and staff, aiming to become a freedom-focused global group, strengthening governance under CFO Simon McWilliams while hiring engineers, Artificial Intelligence creators, and compliance leaders.

5. Cryptocurrency Pullback May Trigger Industry Consolidation: Bullish CEO Tom Farley says crypto market pullback will trigger massive consolidation, as firms seek mergers and acquisitions after unrealistic valuations collapse across the industry. 

Comparative Insight

Compared with yesterday crypto update, deeper fear reading of 7, today’s index at 14 shows slight sentiment recovery alongside a 0.9% market-cap increase. However, volumes remain moderate, indicating cautious participation despite Bitcoin and altcoin gains. Last month index 25 showed stronger confidence. 

What This Means for Cryptocurrency Users

Crypto users should understand that small growth during extreme fear often signals uncertainty, not stability. Monitoring volume, sentiment indexes, and major investor activity helps users manage risks and avoid emotional trading decisions during short-term volatility across cryptocurrency markets globally.

Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point in the direction of the price or show an action to be taken on the investment.

CoinGabbar’s Opinion

Investors and daily readers should remain cautious because recovery signs appear small while fear remains high. Short-term trading opportunities exist, but volatility and sentiment-driven movements still make cryptocurrency investment risky today for inexperienced participants entering markets without proper research.

Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. Not all regions can offer some of the services or assets discussed.