Gate News bot message, Gate market display, BTC drops below 69,000 USDT, current price 68,973.9 USDT.
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Standard Chartered Bank analysts significantly lowered the target prices for various cryptocurrencies after the February sell-off in the crypto market. The forecast for XRP was reduced from $8 to $2.8, Bitcoin to $100,000, Ethereum to $4,000, and Solana to $135.
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KuCoin Institutional hosted Premiere 2026 in Hong Kong, where institutions gathered despite Bitcoin below $70K.
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BTC 15-minute slight increase +0.18%: On-chain capital outflows combined with market sentiment recovery to promote a rebound
From 13:15 to 13:30 (UTC) on February 16, 2026, Bitcoin (BTC) experienced a slight increase of +0.18%, with price fluctuations narrowing to the $67,800-$68,000 range, and market attention rising. This period is during the recovery phase after an extreme pullback, with investors experiencing overall sentiment of extreme fear following last year's peak decline and the low in early February. However, short-term volatility has noticeably eased, and the market's short-term cautiousness has increased.
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GateNewsBot1h ago
ETH 15-minute sharp decline -1.54%: BTC's intense volatility and on-chain liquidity pressure dominate short-term downside
From 13:15 to 13:30 (UTC) on February 16, 2026, ETH dropped 1.54% within just 15 minutes, significantly increasing market volatility. Investor interest in mainstream cryptocurrencies rose, and short-term trading activity noticeably intensified. During this window, prices rapidly declined, reflecting strengthened correlations among mainstream coins.
The main driver of this fluctuation was the sharp volatility of BTC during the same period, with the correlation among mainstream cryptocurrencies causing ETH to decline simultaneously. BTC's price surged to $70,000 at 13:07, then fell below $69,000 at 21:26, triggering a broader risk-off sentiment in the crypto market.
GateNewsBot1h ago