According to Fixygen, this week was marked by high volatility for the crypto market, but by the end of the week, digital assets had managed to recoup a significant portion of their losses. As of Friday, Bitcoin was trading around $71,530, having risen to $73,900 during the day. Ethereum held steady at $2,120, with an intraday high of $2,200. This indicates that, following a nervous reaction to the escalation in the Middle East, the market has once again shifted toward buying the dips.
The main external driver of the week remained the conflict surrounding Iran. Oil jumped to $119.5 per barrel at the start of the week, and by Friday, Brent was hovering around $100, which intensified fears of a new round of inflation and a deterioration in global risk sentiment. Against this backdrop, the crypto market initially traded like a classic risk asset but then began to appear more stable than stocks and a number of other volatile instruments.
According to Fixygen analysts, institutional flows provided support to the market. According to CoinShares, for the week ending March 9, digital investment products attracted $619 million, with nearly all of the positive momentum coming from the U.S. Bitcoin accounted for $521 million in net inflows, Ethereum for $88.5 million, and Solana for $14.6 million, while XRP, conversely, saw a notable outflow of $30.3 million. The week prior, the market had already seen $1 billion in inflows following five weeks of outflows, indicating a gradual return of demand after the February correction.
However, the week’s performance was uneven. CoinShares notes that in the first three days, investors poured $1.44 billion into digital assets, but then on Thursday and Friday, outflows of $829 million followed due to a spike in oil prices. In other words, the market remains extremely sensitive to macroeconomics: as soon as traders again saw the risk of higher inflation and tighter interest rate expectations, appetite for crypto assets immediately deteriorated.
From a fundamental perspective, the week was rather neutral-to-positive. On the one hand, expectations remain that the U.S. ETF market will continue to gradually expand the presence of institutional capital in cryptocurrencies. On the other hand, difficulties have resurfaced in the U.S. regarding a key bill to regulate the crypto market: negotiations have stalled due to a dispute between banks and crypto companies over the future model for stablecoin products. This means that the market continues to receive support from capital but lacks full regulatory clarity.
In the short term, the market looks like this: Bitcoin has once again consolidated above the psychological threshold of $70,000, while Ethereum is holding the $2,000 range. This is a positive sign following the nervousness seen in February and March. But if the oil shock drags on and inflationary pressure intensifies, cryptocurrencies could quickly return to a mode of sharp sell-offs. For now, the week has largely ended in favor of the bulls: institutional money has returned, Bitcoin has rebounded, and the market has shown that even against the backdrop of war and high oil prices, it is not yet ready to enter a full-blown phase of capitulation.
According to Fixygen, the crypto market spent the week in a mode of restrained correction and sideways movement. Bitcoin fell by approximately 1.9% over the period, from $68,978 to $67,700, maintaining a trading range of $65,740-70,167. Ethereum fell by approximately 2.0% over the same week, from $1,998.79 to $1,957.86, with a range of $1,907.76 to $2,037.08.
As of February 22, CoinMarketCap estimated Bitcoin’s capitalization at $1.35 trillion at a price of about $67,660, and Ethereum’s capitalization at $236.3 billion at a price of about $1,957.8. Trading volumes indicated the dominance of stablecoins in circulation: USDT traded around $42.19 billion per day, which is significantly higher than the total turnover of BTC and ETH for the same period.
The main factors of the week were continued tension around capital flows into crypto instruments and cautious risk appetite. The market discussed protracted outflows from US spot Bitcoin ETFs and deteriorating sentiment amid macroeconomic uncertainty. At the same time, by the end of the week, Bitcoin showed relative stability at around $68,000, even amid news of tariff initiatives in the US.
The news agenda also highlighted the topic of stablecoin regulation and sanctions compliance. The Financial Times wrote about the European Commission’s proposal to expand the sanctions regime and effectively ban crypto transactions related to Russia, including references to specific payment solutions and stablecoin projects. Against this backdrop, on February 16, CoinDesk took a detailed look at the case of the ruble-pegged stablecoin A7A5 and its attempts to scale up amid sanctions pressure.
According to Fixygen, the market will assess how stable demand is after a series of outflows from ETFs, how quickly risk appetite responds to trade tariff signals, and new regulatory steps in the US and EU.
Bitcoin fell below $70,000 on Thursday for the first time since November 2024 — the market remains in risk-off mode, and investors continue to reduce their positions in risky assets. According to CoinDesk, by 13:53 Kyiv time, BTC was down 3.3% and trading at around $70,244. During the session, the price briefly dropped to $69,869.
Pressure was intensified by flows from US spot ETFs. According to SoSoValue, a net outflow of $545 million was recorded on Wednesday. BlackRock’s largest IBIT fund lost $373 million.
The fund for the sell-off is the narrowing of support from the “AI rally,” growing investor caution amid geopolitical uncertainty, discussions about the future trajectory of the Fed, and inflation remaining above target levels.
In January, Bitcoin fell nearly 11%, ending the month down for the fourth consecutive time. In 2025, the price had previously risen to a record $126,000 amid growing institutional demand and expectations of a more favorable White House attitude toward the crypto industry.
In the last week of January, the crypto market went into risk-off mode: Bitcoin failed to hold above the psychological $90,000 level and fell to $81,000 at the peak of the decline, after which it partially rebounded.
According to Amberdata estimates, at the beginning of the week, BTC was trading at around $88,300 and ETH at around $2,920. The key support for Bitcoin at that time was the $86,000 range, with resistance at $90,000. By the end of the week, according to Binance, BTC was around $82,400 with a 24-hour range of approximately $80,600-86,400, and the total market capitalization was around $2.98 trillion.
The main trigger was the rapid liquidation of “overheated” positions amid increased volatility and macro factors. CoinDesk noted that the sell-off was accompanied by an estimated $7 billion in forced position closures and significant long liquidations, and took place on the eve of a large crypto options expiry ($8.4 billion).
A separate negative signal is the dynamics of spot Bitcoin ETFs: on certain days of the week, there were noticeable net outflows, and on January 29, according to Trading Economics, one of the largest daily outflows of about $0.6 billion was recorded.
Finally, expectations regarding interest rates and the rhetoric of central banks reinforced the background: the market once again became sensitive to bond yields and the dollar, which usually hits high-risk assets.
Source: https://www.fixygen.ua/news/20260130/pidsumki-tizhnya-dlya-kriptorinku-analiz-fixygen.html
The correction on global markets has intensified: gold has fallen sharply after recent record highs, Bitcoin has dropped to around $84,000, and the US stock market is also declining amid a sell-off in the technology sector.
According to Reuters, the spot price of gold fell more than 4% on Thursday as investors took profits after a surge to historic highs, with prices falling to around $5,150 per ounce.
Bitcoin, at current prices, is down about 5% to $85,000, with the day’s low at around $84,350.
In the US, indices also fell into negative territory: the S&P 500 was down about 1.1%, and the Nasdaq fell 2.1%, with pressure on the market coming in particular from a sharp drop in Microsoft shares after its earnings report. The decline is also confirmed by the dynamics of the SPDR S&P 500 ETF (SPY), which lost about 1% on Thursday.
Bitcoin accelerated its growth in mid-January and is trading at around $97,024, updating the local highs of recent weeks. Ethereum is holding steady at $3,366.
According to CoinMarketCap, the global capitalisation of the crypto market is around $3.28 trillion, with Bitcoin accounting for around 59%, indicating a concentration of demand in the largest asset, while altcoins are growing less evenly.
The main driver in January is the return of institutional interest through ETFs. US spot Bitcoin ETFs recorded strong inflows, including about $843.6 million on 14 January, with total inflows measured in billions of dollars over several days.
The second factor is the US macroeconomy. The market reacted to inflation data and rate expectations, which directly affect risk appetite and the cost of capital. After the publication of the December CPI, Bitcoin accelerated at certain moments, and volatility in crypto intensified.
January news markers that may affect the exchange rate.
Regulation in the US. On 13 January, senators introduced a bill on rules for the crypto market, including the division of powers between the SEC and CFTC and the approach to stablecoins. On 15 January, discussions in the Senate Banking Committee were postponed after public criticism from Coinbase. This is a typical trigger for the market: clear rules are a plus for valuations, while delays and disputes are a cause for nervousness.
Stablecoins and payments. Visa is publicly increasing its focus on stablecoin payments: the company estimates the current annual run rate of such payments at approximately $4.5 billion, with an estimated $270 billion in stablecoins in circulation. Any news about stablecoin regulation and the banking lobby in the US can quickly affect sentiment in crypto.
Risk of incidents and hacks. In January, the market already received a reminder of technological risks: some tokens fell to almost zero after exploits (an example is the incident surrounding Truebit). Such events usually hit the ‘second tier’ and increase demand for quality (BTC, large protocols).
The key event of the month is the FOMC meeting on 27-28 January 2026 and the subsequent press conference. The Fed’s rhetoric on rates and inflation remains one of the strongest external factors for crypto at the beginning of the year.
