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9 Feb 2026
the crypto market is staging a relief rally after a week of intense selling that saw Bitcoin briefly crash toward the $60,000 mark. While the atmosphere remains cautious, the extreme fear that dominated the weekend is beginning to lift.
The Bottom Line
Bitcoin ($71,120): Recovered over 10% in the last 24 hours. After hitting a local bottom around $60,000–$61,000, it has reclaimed the psychologically important $70,000 level.
Altcoin Recovery:
Ethereum is holding above $2,100, while Solana (SOL) and XRP have seen double-digit bounces, leading the recovery for major altcoins.
Market Sentiment: Still officially in Extreme Fear (ranging from 5 to 17 on various indices), but technical indicators suggest the market was severely oversold, triggering this dead cat bounce.