As of February 9, 2026, the cryptocurrency market is in a high-volatility “resetting” phase after a sharp correction that began in late 2025. Major assets like Bitcoin and Ethereum are showing early signs of stabilisation and mild rebounds, but both remain well below their October 2025 highs. Still, improving “buy-the-dip” sentiment among institutional investors and long-term holders has helped lift total crypto market capitalisation back above $2.3 trillion.
Bitcoin is currently trading near ₹62.3 lakh, while Ethereum is around ₹1.84 lakh. Both assets saw minor daily declines, reflecting ongoing short-term uncertainty rather than renewed panic selling. Price swings remain frequent, but volatility has eased compared to the peak of the correction phase.
Bitcoin (BTC): Stabilising After a Deep Pullback
Bitcoin has recently traded between $65,000 and $71,000 after falling as low as $60,000 during the correction. That drop was largely driven by institutional profit-taking and broader risk-off sentiment in global markets.
BTC reclaiming the $70,000 level is important because it serves as a psychological support zone. Long-term investors appear to be accumulating at lower levels, helping stabilise price action. Continued spot ETF participation and Bitcoin’s strong long-term fundamentals are providing a foundation for gradual recovery. However, analysts caution that the medium-term trend is still fragile, and stronger trading volumes are needed to confirm a sustained uptrend.
Ethereum (ETH): Range-Bound but Building Momentum
Ethereum has been fluctuating in the $2,000–$2,100 range and has struggled to stay above $2,300. Compared to Bitcoin, ETH’s recovery has been slower, reflecting cautious market sentiment toward smart-contract platforms during uncertain periods.
That said, Ethereum’s long-term outlook remains supported by fundamentals. The upcoming Pectra upgrade is expected to improve efficiency and scalability, while Layer-2 networks such as Arbitrum and Base continue to expand usage and transaction activity. These developments could strengthen Ethereum’s ecosystem over time, but for now, ETH remains range-bound as traders wait for clearer bullish signals.
Altcoins: Select Strength in a Bitcoin-Led Market
Altcoin performance has been mixed, with strength concentrated in specific ecosystems rather than across the board.
Solana (SOL) is trading near $142, well below its previous highs, yet maintains strong on-chain activity and developer engagement. BNB has shown resilience, holding between $670 and $860, supported by continued activity within the Binance ecosystem. XRP is hovering around $1.35 and has gained relative stability following improved regulatory clarity, which has boosted confidence among traders.
Despite these pockets of strength, the broader altcoin market is not in a full rally phase. The Altcoin Season Index remains low, signaling that investors currently prefer large-cap assets like Bitcoin over higher-risk tokens.
Key Drivers Behind Market Conditions
Institutional behavior remains a major influence. While late 2025 and early 2026 saw sizable outflows from some crypto investment products, selective accumulation on price dips suggests that long-term conviction in Bitcoin remains intact among certain funds.
Macroeconomic conditions are also shaping sentiment. A stronger U.S. dollar and tighter monetary policy have reduced appetite for speculative assets. As a result, crypto markets are moving in line with broader risk-asset trends, reacting to interest rate expectations and global liquidity conditions.
What Comes Next?
The market’s current phase reflects consolidation rather than collapse. Bitcoin’s ability to hold key support levels, Ethereum’s upcoming network improvements, and steady development activity across major ecosystems all point to underlying resilience.
However, sustained upward momentum will likely depend on improving macro conditions, stronger trading volumes, and renewed institutional inflows. Until then, markets may continue to move sideways with bursts of volatility.
For investors, this period highlights the importance of focusing on long-term fundamentals rather than short-term price swings. The foundation of the crypto market remains intact — but the next major move will require both economic tailwinds and renewed risk appetite.
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Disclaimer: Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests, as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).