{"id":68168,"date":"2026-02-14T08:11:35","date_gmt":"2026-02-14T08:11:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-stuck-near-66k-xrp-below-1-40-analysts-expect-more-pain-ahead\/"},"modified":"2026-02-14T08:11:35","modified_gmt":"2026-02-14T08:11:35","slug":"bitcoin-stuck-near-66k-xrp-below-1-40-analysts-expect-more-pain-ahead","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-stuck-near-66k-xrp-below-1-40-analysts-expect-more-pain-ahead\/","title":{"rendered":"Bitcoin stuck near $66K, XRP below $1.40: analysts expect more pain ahead"},"content":{"rendered":"

(Originally posted on : Bitcoin News, Latest Stories & Analysis | Invezz )<\/b>
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Major cryptocurrencies remained under pressure as weak sentiment and broader market volatility continued to weigh on digital assets, extending a period of subdued performance and limited buying interest.<\/p>\n

Bitcoin was trading around $66,300, extending its recent decline amid persistent selling pressure and cautious risk appetite. <\/p>\n

The cryptocurrency had fallen to around $65,000 on Thursday, highlighting the fragility of recent price action. <\/p>\n

Ethereum slipped below the $2,000 level and hovered near $1,940, as demand remained soft and momentum stayed tilted to the downside.<\/p>\n

Other major tokens also struggled. Solana was trading near $78, underperforming larger peers as investors reduced exposure to high-beta assets. <\/p>\n

XRP held around $1.35 but remained under pressure, while Dogecoin was steady near $0.09, reflecting muted speculative activity.<\/p>\n

Tech weakness spills into crypto<\/h2>\n


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The latest decline in digital assets mirrored weakness in US equities, particularly in technology shares. <\/p>\n

The Nasdaq Composite fell about 2% on Thursday, while the iShares Expanded Tech-Software Sector ETF tumbled 3%.<\/p>\n

The software-focused fund is now down 21% year to date, as investors reassess valuations in a sector facing growing competition from artificial intelligence tools with increasingly advanced coding capabilities. <\/p>\n

The pullback in tech has reduced risk appetite more broadly, contributing to pressure on cryptocurrencies.<\/p>\n

Over the past month, Bitcoin has fallen roughly 28%, diverging sharply from other asset classes. <\/p>\n

During the same period, gold reclaimed the $5,000 psychological level, while the S&P 500 has traded just about 1% below its all-time high. <\/p>\n

The contrast has underscored the uneven performance across markets.<\/p>\n

Although Bitcoin managed to halt its earlier slide toward $60,000, it has struggled to regain upward momentum and remains confined below the $70,000 level.<\/p>\n

Jobs data reinforces higher-rate outlook<\/h2>\n


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Macroeconomic data has added to the cautious tone. US nonfarm payrolls released on Wednesday showed job growth exceeded forecasts in January, pointing to continued resilience in the labour market. <\/p>\n

The unemployment rate remained near multi-month lows, while wage growth stayed firm.<\/p>\n

The data reinforced expectations that the Federal Reserve will keep borrowing costs elevated for longer. <\/p>\n

Following the report, traders pared back bets on near-term interest rate cuts, with market pricing indicating reduced odds of easing until June.<\/p>\n

Higher-for-longer rate expectations typically weigh on risk-sensitive assets such as cryptocurrencies, which do not generate yield and tend to benefit from looser financial conditions.<\/p>\n

On Thursday, investors also received a higher-than-expected weekly jobless claims reading. <\/p>\n

Attention is now focused on Friday\u2019s US Consumer Price Index report, which could provide further clarity on inflation trends and the outlook for monetary policy.<\/p>\n

Standard Chartered warns of further downside<\/h2>\n


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Against this backdrop, Standard Chartered lowered its near-term outlook for digital assets, warning that recent price action has been \u201cchallenging, to say the least.\u201d<\/p>\n

\u201cWe expect further price capitulation in the next few months,\u201d said Geoff Kendrick, projecting that Bitcoin could fall to or just below $50,000 and Ethereum to around $1,400.<\/p>\n

Kendrick noted that digital asset exchange-traded fund holdings have declined in an \u201corderly manner,\u201d with average Bitcoin ETF positions down about 25% and total holdings falling by nearly 100,000 coins from their October 2025 peak.<\/p>\n

With the average purchase price close to $90,000, many investors are now in \u201csharp unrealised loss territory,\u201d making them \u201cmore likely to sell, rather than buy the dip, for now,\u201d he said.<\/p>\n

Despite near-term caution, Kendrick maintained a constructive longer-term view.<\/p>\n

\u201cOnce the lows have been reached, we expect the asset class to recover for the rest of 2026,\u201d he said in the note.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Bitcoin News, Latest Stories & Analysis | Invezz ) Major cryptocurrencies remained under pressure as weak sentiment and broader market volatility continued to weigh on digital assets, extending a period of subdued performance and limited buying interest. Bitcoin was trading around $66,300, extending its recent decline amid persistent selling pressure and […]<\/p>\n","protected":false},"author":3947362387,"featured_media":68169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/68168"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=68168"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/68168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/68169"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=68168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=68168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=68168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}