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Bitcoin price breifly reclaims $69K after cool US CPI print; H, KITE, lead altcoins
Feb, 13, 2026
6 min read
by Rony Roy
for Invezz
Share:
AI Overview
Bitcoin price dropped to a weekly low of $65,000 before recovering to around $68,500 after a lower-than-expected US CPI print of 2.4%. Standard Chartered downgraded its Bitcoin price target from $150,000 to $100,000, increasing market fear, while total crypto market valuation fell to approximately $2.29 trillion. Despite volatile conditions, notable altcoins like Humanity Protocol and Kite saw gains due to project developments and upcoming events.
Bullish
Following a notable liquidation event during the early hours of Friday, Feb.13, Bitcoin price action transitioned into a defensive consolidation phase as the market sought a stable floor.
The bellwether faced significant downward pressure in the pre-dawn session, sliding toward a weekly low of approximately $65,000 amidst a massive flush of leveraged positions.
Total crypto market continued shedding value for the sixth straight day before finding a floor around the $2.32 trillion mark.
By late Asian trading hours, the market had recouped some of the day’s intraday losses, bringing the total valuation closer to $2.29 trillion.
A vast majority of the top altcoins had no gains on the books at the time of publication, with only a few outliers managing modest double-digit profits between 10-20%.
Extreme Fear intensified as the Crypto Fear and Greed Index hit 8, marking one of the most severe sentiment drops since earlier major market wipeouts.
The lack of retail confidence was visible across the Crypto Fear and Greed Index, which fell deeper into the Extreme Fear level, bottoming at 8.
This represents one of the most fearful readings in recent history, rivalling levels seen during previous bear markets.
Why is Bitcoin price going down?
Bitcoin crashed in the early hours as traders positioned cautiously ahead of the US consumer inflation report, while a high-profile downgrade from Standard Chartered injected fresh bearish momentum into an already fragile market.
The British banking giant, once among the most vocal institutional bulls, slashed its year-end Bitcoin target from $150,000 to $100,000 and warned of a potential dip toward $50,000 before any meaningful rebound.
That reversal not only dented broader sentiment but also highlighted the weight of macroeconomic uncertainty and ETF fatigue dragging on the asset class.
Adding to the pressure was a renewed drawdown in US equities, which pulled capital out of risk assets.
The Nasdaq 100 dropped by 0.3% while the S&P 500 and Dow Jones also turned sharply lower, resulting in an industry-wide pullback led by fears surrounding AI-induced disruption across insurance, real estate, and brokerage sectors.
As equities sold off, the crypto market followed suit. Risk-off conditions extended across global markets, feeding into a flight to safety that left Bitcoin exposed.
Technical deleveraging in the futures market accelerated the decline.
Open interest thinned out while a wave of long liquidations hit thin liquidity zones on the order books, dragging prices toward the $65,000 handle.
Structural weaknesses in spot demand further compounded the pressure.
Bitcoin ETFs have shed more than $6 billion in assets over the past four months, signalling a persistent institutional exodus from crypto’s flagship product.
Coinbase’s weak earnings print and Robinhood’s 38% slump in crypto revenue added another layer of fragility to the day’s broader narrative.
However, as the US Consumer Price Index data hit the wires at 8:30 a.m. ET, the tone shifted.
The headline print came in at 2.4% year-on-year for January, just below the consensus expectation of 2.5%.
Core inflation also ticked down to 2.5% from 2.6% the previous month.
The softer-than-expected numbers sparked a modest rebound in Bitcoin as the dollar weakened and rate cut expectations firmed up.
Although the market reaction was subdued, the inflation data provided a key short-term anchor for sentiment, nudging the price away from intraday lows.
While the cooling inflation figures reduced the probability of a more hawkish Fed response, traders remain cautious.
What’s next for Bitcoin price?
When writing, Bitcoin bulls were attempting a relief rally triggered by the latest United States inflation data.
Because this was lower than the 2.5% consensus estimate, it signalled that inflationary pressures in the US economy are cooling faster than many participants had anticipated.
Historically, Bitcoin has shown a strong inverse correlation with interest rate expectations.
As mentioned before, the dollar was also weakening after the inflation report, which compelled some investors to move away from safe havens like cash and back into equities and digital assets.
The sudden spike was supported by a wave of short liquidations that immediately followed.
At the time of writing, data showed that over $100 million in short positions had been liquidated from the market, with Bitcoin-related short positions accounting for over $60 million of that amount.
Bitcoin liquidation data. Source: Coinglass.
For a full fledged recovery rally to play out, Bitcoin bulls must now look to capture the $68,800 to $69,000 support area.
Converting this zone into a reliable floor could provide enough meaningful confidence for investors to re-engage with the asset and keep pushing higher toward previous peaks.
Technically, establishing a base above the $69,000 level, which aligns with the 2021 bull market high, would signal a shift in market structure from a corrective phase into a more constructive trend.
On the upside, the next key resistance area sits around the $71,600 to $72,000 range.
This region has consistently acted as a supply wall where previous intraday rallies have faded due to measured institutional demand and profit-taking.
A decisive break and daily close above $72,000 would invalidate the current bearish bias and potentially open the door for a retest of the $74,500 resistance, which was a major high in early 2025.
However, if Bitcoin fails to maintain its current momentum, the $65,000 to $65,500 zone remains the most critical short-term support to watch.
A breakdown below this floor would likely expose deeper liquidity pockets near $60,000, where long-term trend support, such as the 200-week exponential moving average, currently resides.
On X a number of analysts were speculating that Bitcoin may have bottomed out. See below.
Market bottoms are often followed by a period of quiet accumulation as smart money gradually rebuilds positions while retail sentiment remains at extreme fear levels.
However, the recent reclaim of the $68,000 level may also turn out to be a bull trap or a fakeout.
At the time of publication, Bitcoin price was trading just above $68,500, after touching an intraday high of $69,000.
Top altcoin gainers for the day
In the past 24 hours, the altcoin market cap fell 7% to $978 billion before recovering back above the $1 trillion mark.
So far, the market has dropped by 14.5% over the past week from $1.17 trillion seen at the beginning of the week.
Ethereum (ETH) fell from $2,000 to under $1,900 before recovering part of its losses, settling at $1,980 at press time.
Other large-cap altcoins such as XRP (XRP), BNB (BNB), Solana (SOL), and Dogecoin (DOGE) were down by 1-2% in the period.
Some of the top laggards of the day were Pippin (PIPPIN), LayerZero (ZRO), and World Liberty Financial (WLFI), which were some of the best performers the day before
Humanity Protocol was the leading gainer of the day, recording nearly 22% gains following plans to launch its Trust Network, a privacy-focused infrastructure designed to verify individuals rather than just their data.
The protocol has also integrated with Fireblocks, an institutional custody platform, enabling thousands of institutional clients like hedge funds and asset managers to interact with the H token, thus giving more exposure to the token to potential investors.
Kite (KITE) rose nearly 15% largely due to investor hype over the project being one of the official sponsors of ETHDenver, one of the largest Ethereum hackathon events in the world.
This would give KITE exposure to tens of thousands of developers and investors attending the event.
As an EVM-compatible Layer 1 purpose-built for the agentic economy, KITE has also benefited from high investor interest in AI-native payment rails.
As for the privacy token Decred (DCR), it gained 12% after its community passed a Treasury Expenditure Limit Increase to raise its monthly spending cap from 1% to 4%, enabling the network to better fund development and marketing while maintaining a hard cap to ensure long-term fiscal discipline.
It also saw a technical breakout from a key resistance level, which spurred more buying pressure from traders.
Source: CoinMarketCap
The post Bitcoin price breifly reclaims $69K after cool US CPI print; H, KITE, lead altcoins appeared first on Invezz
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Share:
In This News
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Bitcoin price breifly reclaims $69K after cool US CPI print; H, KITE, lead altcoins
Feb, 13, 2026
6 min read
by Rony Roy
for Invezz
Share:
AI Overview
Bitcoin price dropped to a weekly low of $65,000 before recovering to around $68,500 after a lower-than-expected US CPI print of 2.4%. Standard Chartered downgraded its Bitcoin price target from $150,000 to $100,000, increasing market fear, while total crypto market valuation fell to approximately $2.29 trillion. Despite volatile conditions, notable altcoins like Humanity Protocol and Kite saw gains due to project developments and upcoming events.
Bullish
Following a notable liquidation event during the early hours of Friday, Feb.13, Bitcoin price action transitioned into a defensive consolidation phase as the market sought a stable floor.
The bellwether faced significant downward pressure in the pre-dawn session, sliding toward a weekly low of approximately $65,000 amidst a massive flush of leveraged positions.
Total crypto market continued shedding value for the sixth straight day before finding a floor around the $2.32 trillion mark.
By late Asian trading hours, the market had recouped some of the day’s intraday losses, bringing the total valuation closer to $2.29 trillion.
A vast majority of the top altcoins had no gains on the books at the time of publication, with only a few outliers managing modest double-digit profits between 10-20%.
Extreme Fear intensified as the Crypto Fear and Greed Index hit 8, marking one of the most severe sentiment drops since earlier major market wipeouts.
The lack of retail confidence was visible across the Crypto Fear and Greed Index, which fell deeper into the Extreme Fear level, bottoming at 8.
This represents one of the most fearful readings in recent history, rivalling levels seen during previous bear markets.
Why is Bitcoin price going down?
Bitcoin crashed in the early hours as traders positioned cautiously ahead of the US consumer inflation report, while a high-profile downgrade from Standard Chartered injected fresh bearish momentum into an already fragile market.
The British banking giant, once among the most vocal institutional bulls, slashed its year-end Bitcoin target from $150,000 to $100,000 and warned of a potential dip toward $50,000 before any meaningful rebound.
That reversal not only dented broader sentiment but also highlighted the weight of macroeconomic uncertainty and ETF fatigue dragging on the asset class.
Adding to the pressure was a renewed drawdown in US equities, which pulled capital out of risk assets.
The Nasdaq 100 dropped by 0.3% while the S&P 500 and Dow Jones also turned sharply lower, resulting in an industry-wide pullback led by fears surrounding AI-induced disruption across insurance, real estate, and brokerage sectors.
As equities sold off, the crypto market followed suit. Risk-off conditions extended across global markets, feeding into a flight to safety that left Bitcoin exposed.
Technical deleveraging in the futures market accelerated the decline.
Open interest thinned out while a wave of long liquidations hit thin liquidity zones on the order books, dragging prices toward the $65,000 handle.
Structural weaknesses in spot demand further compounded the pressure.
Bitcoin ETFs have shed more than $6 billion in assets over the past four months, signalling a persistent institutional exodus from crypto’s flagship product.
Coinbase’s weak earnings print and Robinhood’s 38% slump in crypto revenue added another layer of fragility to the day’s broader narrative.
However, as the US Consumer Price Index data hit the wires at 8:30 a.m. ET, the tone shifted.
The headline print came in at 2.4% year-on-year for January, just below the consensus expectation of 2.5%.
Core inflation also ticked down to 2.5% from 2.6% the previous month.
The softer-than-expected numbers sparked a modest rebound in Bitcoin as the dollar weakened and rate cut expectations firmed up.
Although the market reaction was subdued, the inflation data provided a key short-term anchor for sentiment, nudging the price away from intraday lows.
While the cooling inflation figures reduced the probability of a more hawkish Fed response, traders remain cautious.
What’s next for Bitcoin price?
When writing, Bitcoin bulls were attempting a relief rally triggered by the latest United States inflation data.
Because this was lower than the 2.5% consensus estimate, it signalled that inflationary pressures in the US economy are cooling faster than many participants had anticipated.
Historically, Bitcoin has shown a strong inverse correlation with interest rate expectations.
As mentioned before, the dollar was also weakening after the inflation report, which compelled some investors to move away from safe havens like cash and back into equities and digital assets.
The sudden spike was supported by a wave of short liquidations that immediately followed.
At the time of writing, data showed that over $100 million in short positions had been liquidated from the market, with Bitcoin-related short positions accounting for over $60 million of that amount.
Bitcoin liquidation data. Source: Coinglass.
For a full fledged recovery rally to play out, Bitcoin bulls must now look to capture the $68,800 to $69,000 support area.
Converting this zone into a reliable floor could provide enough meaningful confidence for investors to re-engage with the asset and keep pushing higher toward previous peaks.
Technically, establishing a base above the $69,000 level, which aligns with the 2021 bull market high, would signal a shift in market structure from a corrective phase into a more constructive trend.
On the upside, the next key resistance area sits around the $71,600 to $72,000 range.
This region has consistently acted as a supply wall where previous intraday rallies have faded due to measured institutional demand and profit-taking.
A decisive break and daily close above $72,000 would invalidate the current bearish bias and potentially open the door for a retest of the $74,500 resistance, which was a major high in early 2025.
However, if Bitcoin fails to maintain its current momentum, the $65,000 to $65,500 zone remains the most critical short-term support to watch.
A breakdown below this floor would likely expose deeper liquidity pockets near $60,000, where long-term trend support, such as the 200-week exponential moving average, currently resides.
On X a number of analysts were speculating that Bitcoin may have bottomed out. See below.
Market bottoms are often followed by a period of quiet accumulation as smart money gradually rebuilds positions while retail sentiment remains at extreme fear levels.
However, the recent reclaim of the $68,000 level may also turn out to be a bull trap or a fakeout.
At the time of publication, Bitcoin price was trading just above $68,500, after touching an intraday high of $69,000.
Top altcoin gainers for the day
In the past 24 hours, the altcoin market cap fell 7% to $978 billion before recovering back above the $1 trillion mark.
So far, the market has dropped by 14.5% over the past week from $1.17 trillion seen at the beginning of the week.
Ethereum (ETH) fell from $2,000 to under $1,900 before recovering part of its losses, settling at $1,980 at press time.
Other large-cap altcoins such as XRP (XRP), BNB (BNB), Solana (SOL), and Dogecoin (DOGE) were down by 1-2% in the period.
Some of the top laggards of the day were Pippin (PIPPIN), LayerZero (ZRO), and World Liberty Financial (WLFI), which were some of the best performers the day before
Humanity Protocol was the leading gainer of the day, recording nearly 22% gains following plans to launch its Trust Network, a privacy-focused infrastructure designed to verify individuals rather than just their data.
The protocol has also integrated with Fireblocks, an institutional custody platform, enabling thousands of institutional clients like hedge funds and asset managers to interact with the H token, thus giving more exposure to the token to potential investors.
Kite (KITE) rose nearly 15% largely due to investor hype over the project being one of the official sponsors of ETHDenver, one of the largest Ethereum hackathon events in the world.
This would give KITE exposure to tens of thousands of developers and investors attending the event.
As an EVM-compatible Layer 1 purpose-built for the agentic economy, KITE has also benefited from high investor interest in AI-native payment rails.
As for the privacy token Decred (DCR), it gained 12% after its community passed a Treasury Expenditure Limit Increase to raise its monthly spending cap from 1% to 4%, enabling the network to better fund development and marketing while maintaining a hard cap to ensure long-term fiscal discipline.
It also saw a technical breakout from a key resistance level, which spurred more buying pressure from traders.
Source: CoinMarketCap
The post Bitcoin price breifly reclaims $69K after cool US CPI print; H, KITE, lead altcoins appeared first on Invezz
In This News
Coins
$ 69.03K
+5.46%$ 2.05K
+7.45%$ 1.41
+3.74%$ 615.31
+1.91%$ 24.49
+12%Share:
In This News
Coins
$ 69.03K
+5.46%$ 2.05K
+7.45%$ 1.41
+3.74%$ 615.31
+1.91%$ 24.49
+12%Share:
Read More
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The Fed Takes Another Big Step for Cryptocurrencies! Here Are the Details
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