BTC Dips Below $70K While WLFI Breaks Free From Monday’s Pullback - Crypto Economy

CryptoEconomy · 2026-02-09T12:38:33+00:00

TL;DR BTC Rejection: Bitcoin failed again at $72,000 and slid to about $68,800, extending a volatile multi‑week decline. Altcoin Weakness: ETH, XRP, BNB, SOL, and several others posted daily losses between 3% and 5%, contributing to a $70 billion market‑wide drop. WLFI Strength: WLFI

CryptoEconomy

2026-02-09 12:38:33

TL;DR

BTC Rejection: Bitcoin failed again at $72,000 and slid to about $68,800, extending a volatile multi‑week decline.
Altcoin Weakness: ETH, XRP, BNB, SOL, and several others posted daily losses between 3% and 5%, contributing to a $70 billion market‑wide drop.
WLFI Strength: WLFI jumped 8% to nearly $0.11, joining SKY, LEO, and XMR as rare gainers in an otherwise red market.

BTC’s latest attempt to reclaim higher ground stalled once again, setting the tone for a broadly negative Monday across the crypto market. After failing to hold its weekend rebound, BTC slipped below $70,000, dragging most major altcoins into the red while only a handful of smaller assets managed to buck the trend.

BTC Retreats After Repeated Rejections Near $72,000

Bitcoin’s price action remains defined by sharp swings that have repeatedly erased bullish momentum. The asset’s surge toward $72,000 on Sunday mirrored its rebound from last week’s dramatic plunge to $60,000, its lowest level since before the US presidential elections. Yet each push toward the $72,000 zone has been met with firm resistance. BTC has now fallen by roughly $2,500 from Sunday’s peak and trades around $68,800 after a fresh 3% daily decline. Its market capitalization has slipped to $1.390 trillion, while dominance sits just above 57%.

Recent Volatility Follows Weeks of Steep Declines

The broader downtrend began in late January when BTC tumbled from $84,000 to under $76,000, extending a correction from a local high of $90,000. Bulls briefly lifted the price to $79,000, but sellers quickly regained control, accelerating losses through Thursday and Friday. The resulting drop to $60,000 marked a $30,000 decline in just over a week. Although the weekend recovery was strong, the inability to break past $72,000 has kept sentiment cautious.

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Altcoins Turn Red as Selling Pressure Spreads

Most large‑cap altcoins mirrored BTC’s pullback in the crypto market. Ethereum is down nearly 5% to $2,000, while XRP has slipped to $1.39 after a 4% drop. BNB trades at $621 following a similar decline. SOL has fallen more than 5% to $83, and DOGE and CC have also posted notable losses. JUP, ONDO, and ARB are among the day’s biggest stragglers, shedding up to 8%.

WLFI and Select Tokens Defy the Market

A few assets managed to outperform despite the broader downturn. WLFI surged 8% to nearly $0.11, standing out as one of the day’s strongest movers. SKY, LEO, and XMR also posted modest gains. Meanwhile, total crypto market capitalization has fallen by about $70 billion, slipping below $2.430 trillion.

BTC-2,29%

WLFI-4,67%

ETH-1,71%

XRP-0,62%

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