🗞️Crypto Daily | 11/02/2026

1. Crypto Market
The market continues to experience strong volatility after a series of declines since the beginning of February.
• Bitcoin (BTC): Current price is $68,915.92, down 1.9% in the past 24 hours.
• Ethereum (ETH): Current price is $2,017.35, down 4.6% in the past 24 hours.
Investor sentiment remains extremely polarized:
• Fear & Greed Index: Dropped to 11 (Extremely Fearful), reflecting widespread pessimism as BTC has lost nearly 50% of its value since October 2025 peak.
• Despite price corrections, US spot Bitcoin ETF still records a net inflow of approximately $516 million, indicating major institutions have not fully withdrawn.
• Notably, while BTC and ETH weaken, Monero (XMR) has increased by 5%, seen as a “safe haven” amid increasing legal risks and tightening regulations.
2. Macroeconomics & Geopolitics
The market is under pressure from several major factors:
• US Economic Data: Investors are awaiting employment and inflation data to be released soon. Uncertainty over Fed’s monetary policy ahead of the March meeting, along with personnel changes in May, is putting pressure on risk assets.
• Tensions at the White House: A leaked meeting on 11/02 revealed confrontations between traditional banks and crypto supporters over a new bill, heightening policy concerns.
• Global Liquidity Risks: Reports suggest China may sell a large amount of US bonds (up to $298 billion), which could cause significant volatility in financial markets and create a “liquidity trap” for Bitcoin.
• Vietnam: Ho Chi Minh City officially established a digital asset investment fund with a scale of $1 billion, signaling positive long-term prospects for the domestic crypto ecosystem.
Summary
• BTC is fluctuating around the 68–69k range in an extremely fearful psychological state.
• In the short term, it still faces pressure from macroeconomic and political factors, but ETF capital flows and investment activities in Vietnam indicate long-term confidence remains.
• The current market resembles a “spring compression” phase — significant volatility could occur at any moment once US economic data is announced.