{"id":68198,"date":"2026-02-14T16:23:35","date_gmt":"2026-02-14T16:23:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-breifly-reclaims-69k-after-cool-us-cpi-print-h-kite-lead-altcoins\/"},"modified":"2026-02-14T16:23:35","modified_gmt":"2026-02-14T16:23:35","slug":"bitcoin-price-breifly-reclaims-69k-after-cool-us-cpi-print-h-kite-lead-altcoins","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-breifly-reclaims-69k-after-cool-us-cpi-print-h-kite-lead-altcoins\/","title":{"rendered":"Bitcoin price breifly reclaims $69K after cool US CPI print; H, KITE, lead altcoins\u00a0"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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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.\u00a0<\/p>\n

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.<\/p>\n

Total crypto market continued shedding value for the sixth straight day before finding a floor around the $2.32 trillion mark. <\/p>\n

By late Asian trading hours, the market had recouped some of the day\u2019s intraday losses, bringing the total valuation closer to $2.29 trillion.<\/p>\n

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%.<\/p>\n

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.<\/p>\n

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. <\/p>\n

This represents one of the most fearful readings in recent history, rivalling levels seen during previous bear markets.<\/p>\n

Why is Bitcoin price going down?<\/h2>\n


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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.\u00a0<\/p>\n

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.\u00a0<\/p>\n

That reversal not only dented broader sentiment but also highlighted the weight of macroeconomic uncertainty and ETF fatigue dragging on the asset class.<\/p>\n

Adding to the pressure was a renewed drawdown in US equities, which pulled capital out of risk assets.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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.<\/p>\n

Technical deleveraging in the futures market accelerated the decline.\u00a0<\/p>\n

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.<\/p>\n

Structural weaknesses in spot demand further compounded the pressure.\u00a0<\/p>\n

Bitcoin ETFs have shed more than $6 billion in assets over the past four months, signalling a persistent institutional exodus from crypto\u2019s flagship product.\u00a0<\/p>\n

Coinbase\u2019s weak earnings print and Robinhood\u2019s 38% slump in crypto revenue added another layer of fragility to the day\u2019s broader narrative.<\/p>\n

However, as the US Consumer Price Index data hit the wires at 8:30 a.m. ET, the tone shifted.\u00a0<\/p>\n

The headline print came in at 2.4% year-on-year for January, just below the consensus expectation of 2.5%. <\/p>\n

Core inflation also ticked down to 2.5% from 2.6% the previous month.\u00a0<\/p>\n

The softer-than-expected numbers sparked a modest rebound in Bitcoin as the dollar weakened and rate cut expectations firmed up.\u00a0<\/p>\n

Although the market reaction was subdued, the inflation data provided a key short-term anchor for sentiment, nudging the price away from intraday lows.<\/p>\n

While the cooling inflation figures reduced the probability of a more hawkish Fed response, traders remain cautious.\u00a0<\/p>\n

What\u2019s next for Bitcoin price?<\/h2>\n


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When writing, Bitcoin bulls were attempting a relief rally triggered by the latest United States inflation data.<\/p>\n

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.<\/p>\n

Historically, Bitcoin has shown a strong inverse correlation with interest rate expectations. <\/p>\n

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.<\/p>\n

The sudden spike was supported by a wave of short liquidations that immediately followed. <\/p>\n

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.<\/p>\n

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Bitcoin liquidation data. Source: Coinglass.<\/p>\n

For a full fledged recovery rally to play out, Bitcoin bulls must now look to capture the $68,800 to $69,000 support area.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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.<\/p>\n

On the upside, the next key resistance area sits around the $71,600 to $72,000 range. <\/p>\n

This region has consistently acted as a supply wall where previous intraday rallies have faded due to measured institutional demand and profit-taking.\u00a0<\/p>\n

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.<\/p>\n

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.\u00a0<\/p>\n

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.<\/p>\n

On X a number of analysts were speculating that Bitcoin may have bottomed out. See below.\u00a0<\/p>\n

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The <\/span>$BTC<\/a> bottom is in?<\/span><\/p>\n

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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.\u00a0<\/p>\n

However, the recent reclaim of the $68,000 level may also turn out to be a bull trap or a fakeout.\u00a0<\/p>\n

At the time of publication, Bitcoin price was trading just above $68,500, after touching an intraday high of $69,000.<\/p>\n

Top altcoin gainers for the day<\/h2>\n


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In the past 24 hours, the altcoin market cap fell 7% to $978 billion before recovering back above the $1 trillion mark. <\/p>\n

So far, the market has dropped by 14.5% over the past week from $1.17 trillion seen at the beginning of the week.\u00a0<\/p>\n

Ethereum (ETH) fell from $2,000 to under $1,900 before recovering part of its losses, settling at $1,980 at press time.\u00a0<\/p>\n

Other large-cap altcoins such as XRP (XRP), BNB (BNB), Solana (SOL), and Dogecoin (DOGE) were down by 1-2% in the period. <\/p>\n

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<\/p>\n

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.\u00a0<\/p>\n

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.<\/p>\n

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.\u00a0<\/p>\n

This would give KITE exposure to tens of thousands of developers and investors attending the event.\u00a0<\/p>\n

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.<\/p>\n

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.\u00a0<\/p>\n

It also saw a technical breakout from a key resistance level, which spurred more buying pressure from traders.<\/p>\n

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Source: CoinMarketCap<\/a><\/p>\n<\/p><\/div>\n