Why the Crypto Market is Down Today: Bitcoin Stalls Below $70K as Total Cap Dips to $2.33T
Blog Agent Posted On February 17, 2026 Why the Crypto Market is Down Today: Bitcoin Stalls Below $70K as Total Cap Dips to $2.33T
The
Market Overview: Sideways Action Turns Bearish
The crypto market started the week with sideways trading. But now, it’s facing real pressure. The total cap tried to break $2.37 trillion but failed again. This resistance has held for weeks. It shows weak buying power from investors.
Bitcoin and Ethereum lead the decline. Altcoins follow suit. Low liquidity and scared investors are key reasons for the
- Total Cap: $2.33T (-$48B)
- Bitcoin: $68,783 (below $70K for 10 days)
- Dogecoin: $0.1026 (-7.5%)
Investors are playing it safe. They wait for clearer signals from the wider economy.
Bitcoin’s Struggle: Stuck Under Resistance
Bitcoin can’t break free. It’s traded below $70,000 for 10 straight days. This round number acts like a wall. Traders sell when it gets close, taking profits.
The Chaikin Money Flow (CMF) indicator is negative. It’s below zero. This means money is flowing out of Bitcoin. Weak buying keeps upside limited.
If selling grows, Bitcoin could drop to $65,000 support. But a strong push above $70K changes everything. It could hit $72,294 first, then $75,000. Spot buys and futures interest would fuel that rally.
Dogecoin Dips Hard: Meme Coin Feels the Pain
Dogecoin dropped 7.5% in 24 hours. It hit resistance at $0.1107, then fell below $0.1028 support. Broader market fear hurt the meme coin king.
Good news? The Money Flow Index (MFI) is still positive. Buyers are around. If they step in, Dogecoin could bounce to $0.1172, even $0.1280.
Bad scenario: More selling sends it to $0.0966, or lower to $0.0883. Market mood will decide.
Key News Moving the Market
Some stories add context to the
MicroStrategy’s Bold Debt Move
MicroStrategy plans to turn $6 billion in debt into shares. This cuts debt but may dilute shareholders. Their $49 billion Bitcoin stash is safe even if BTC falls to $8,000. It’s a vote of confidence in Bitcoin long-term.
Apollo Bets on DeFi with Morpho
Apollo Global Management teams up with Morpho. They’ll buy up to 90 million MORPHO tokens (9% supply) over 4 years. This boosts Morpho’s lending platform. DeFi gets big money backing, but it hasn’t lifted the market yet.
These moves are positive. Yet, short-term traders focus on price action over news.
Technical Signals and Broader Factors
Why the
- Resistance Walls: $2.37T for total cap, $70K for BTC.
- Outflows: CMF negative for BTC.
- Weak Liquidity: Low volume means small sells hit hard.
- Macro Mood: High interest rates and slow economy keep risk off.
No big catalysts like ETF approvals or rate cuts. Market consolidates.
What’s Next? Bull or Bear?
Bear case: Pressure builds. Total cap tests $2.30T. BTC eyes $65K. DOGE could sink further if fear spreads.
Bull case: Inflows return. Break $2.37T sends total cap to $2.45T. BTC blasts to $75K. DOGE recovers fast on hype.
Watch these levels:
| Asset | Key Support | Key Resistance |
|---|---|---|
| Total Cap | $2.30T | $2.37T |
| Bitcoin | $65,000 | $70,000 |
| Dogecoin | $0.0966 | $0.1172 |
Institutional money and sentiment shifts could spark a turnaround. Stay tuned.
Final Thoughts on the Crypto Dip
The
Markets cycle. This dip could be a buy chance for patient holders. Track volume and macro news closely. What’s your take on this
Prices as of writing. Crypto is volatile—DYOR.
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