Price Decline

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On February 11, 2026, Bitcoin dropped below $66,000 for the third consecutive session, reversing a recent rally amid stronger-than-expected U.S. jobs data that diminished hopes for Federal Reserve rate cuts. Other cryptocurrencies like Ethereum, XRP, and Dogecoin also fell, signaling waning investor interest in the sector. While some on-chain indicators show accumulation by larger holders, analysts warn of potential further downside.

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Ethereum's price fell below $3,000, erasing 16% of its January 2026 gains, as reported in recent analyses. While whales accumulated during the dip, technical indicators showed mixed signals. The network's total value locked remained strong at $331 billion.

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