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The January cryptocurrency market experienced high-level fluctuations in trading volume, with cautious investor sentiment and increased volatility. Stablecoin market capitalization is concentrated in Ethereum and Tron. Gold and silver prices reached new highs, and tokenized commodities grew rapidly. Web3 industry funding reached $1.82 billion, with security incidents primarily related to contract vulnerabilities.

Cryptocurrency Market Overview
BTC (+2.41% | Current Price 65,768 USDT): BTC has shown a significant rebound from its recent lows over the past 24 hours, with the price rising from around $62,500 to above $65,700. The short-term trend indicates a recovery, but overall it remains in the rebound phase following a previous decline. In terms of moving averages, MA5 has crossed above MA10 and is gradually approaching MA30, indicating a short-term momentum recovery, though the medium-term trend has not yet fully reversed. The MACD is below the zero line but has formed a golden cross, with the red momentum bars continuing to expand, suggesting the rebound's continuation. Resistance levels to watch are in the $66,800–$68,700 range. If trading volume remains insufficient, a pullback to test support at $64,500–$63,800 is still possible.
ETH (+3.18% | Current Price 1,910 USDT): ETH performance is relatively stronger

Cryptocurrency Asset Overview
BTC (+2.41% | Current Price 65,768 USDT)
BTC has shown a significant rebound from its recent lows in the past 24 hours, with the price rising from around $62,500 to above $65,700. The short-term trend indicates a recovery, but overall it remains in the rebound phase following a previous decline. In terms of moving averages, the MA5 has crossed above the MA10 and is gradually approaching the MA30, indicating a short-term momentum recovery, though the medium-term trend has not fully reversed. The MACD is below the zero line, forming a golden cross, with the red momentum bars continuing to expand, suggesting the rebound's continuation. Resistance levels to watch are in the $66,800–$68,700 range. If trading volume remains insufficient, a pullback to test support at $64,500–$63,800 is still possible.
ETH (+3.18% | Current Price 1,910 USDT)
ETH's performance remains

Cryptocurrency Asset Overview
BTC (+2.85% | Current Price 68,039.2 USDT)
After Trump's speech, Bitcoin's price retook the $65,000 level, with the bullish-to-bearish ratio rising to a nearly four-week high. This rally coincides with a rebound in the stock market. However, the rebound still lacks strong momentum for continuation. Historical experience shows that a rapid increase in FOMO sentiment often corresponds to a temporary peak. The current surge in market optimism is coinciding with significant technical resistance in the $66,000–$68,500 range, which could become a key point triggering a new wave of selling pressure. From a 4-hour perspective, Bitcoin has broken below the price compression structure built since February this week, with downside momentum clearly releasing, further confirming that bears still dominate. Under the current market structure, if there is no decisive breakout, the short-term price is likely to be

Summary
Bitcoin price has retaken the $65,000 level, with the bulls and bears ratio rising to a near four-week high. Ethereum stabilized and rebounded from the support zone of $1,734–$1,800, and has once again surpassed the $2,000 mark.
Driven by expectations of Gate exchange launching, CRYPTOBURG surged 253.78% within 24 hours; MBX spot trading volume skyrocketed over 1,125%, up 36.44% in 24 hours.
NVIDIA Q4 revenue increased by 73%, with Jensen Huang raising the revenue forecast by $500 billion; short positions surged, and the Bitcoin exchange funding rate turned negative again in February.
ZachXBT's on-chain investigation bomb, exposing insider trading scandals of crypto giants; Ethereum Foundation researchers released a roadmap draft, which will undergo seven forks.
In the past week, a total of

Cryptocurrency Market Overview
BTC (-0.37% | Current Price 67,228 USDT): BTC previously dropped sharply to $62,501 before stabilizing and rebounding. During the session, it reached a high of $70,003, then pulled back, currently trading above $67,000. Overall, market sentiment has significantly improved, but the short-term trend is entering a consolidation phase. Technically, the MA5 and MA10 formed a golden cross at low levels, driving a rebound. Currently, moving averages are leveling off, and prices are fluctuating around the MA30, with increased short-term bullish and bearish battles. The upward movement was accompanied by a clear increase in volume, but recent volume has converged, and momentum has slowed. Watch for resistance at $68,000–$69,000. A volume breakout could test $70,000 again; if it faces resistance and pulls back, support levels around $66,000 should be monitored. The overall pattern is a strong oscillation.
ETH (-

Gate Research Institute: On February 27, BTC rapidly declined to $62,501 before rebounding. It is now consolidating above $67,000; ETH rebounded from a low near $1,800 and is maintaining a high-level consolidation around $2,020; GT shows a rebound from a low followed by a shock correction pattern; POWER leads the market with a +113.53% increase, while small-cap tokens like DENT and RAVE also surged significantly. Suspected insider trading on Polymarket involved ZachXBT's accusation that Axiom profited over $410,000, drawing attention; Jane Street was accused of "manipulating Bitcoin to drop 10 points" without supporting data, with analysis suggesting that the ETF authorization participation mechanism may be the main reason; Circle's stock price broke through $90, and analysts say it has "significantly decoupled" from the crypto market. Applications like Polymarket are seen as new growth engines for USDC.

Cryptocurrency Market Overview
BTC (-0.18% | Current price 66,556 USDT): BTC has rebounded within the 66,000–67,000 USD range but has not yet effectively broken through the upper resistance level. Short-term momentum recovery remains limited; if trading volume cannot increase, the price is likely to continue fluctuating within the 63,000–70,000 USD range. On the macro front, escalating Middle East geopolitical tensions have raised concerns over conflict spread and the Strait of Hormuz risks. Rising oil prices have driven gold higher, increasing volatility in global risk assets. In an environment where safe-haven sentiment is rising while risk appetite declines, BTC may maintain high volatility and oscillation in the short term. The future trend will still depend on geopolitical developments and liquidity expectation changes.
ETH (+3.18% | Current price 1,910 USDT): ETH found support near $1,835 and rebounded, with the target

Summary:
The depreciation of the US dollar results from a combination of declining real purchasing power, gradual strengthening driven by fiscal policy, and long-term changes in real interest rates and holding costs.
Traditional banking systems, constrained by regulation, capital requirements, and risk weights, generate spillover demand for US dollars, and stablecoins precisely fill this demand gap.
Differences in regulatory frameworks and business positioning lead to variations in collateral structures among different stablecoins, while internally, an implicit credit hierarchy also forms.
The quality, transparency, and credibility of stablecoin collateral and issuers are becoming key factors in determining their price stability, liquidity priority, and long-term funding preferences.
Once stablecoins reach a certain scale, they have begun to become an important structural force influencing short-term US dollar interest rates.
Looking ahead to 2026, stablecoins are more likely to serve as a "water reservoir" and distribution layer for the US dollar, with their reserve assets providing stable short-term US Treasury purchases, which in turn are influencing the dollar itself.

After the joint airstrikes by the US and Israel on Iran, gold and crude oil opened sharply higher on Monday, global stock markets opened lower, and Bitcoin volatility increased. The market predicts that the probability of full-scale war is low, but the risk of restrictions in the Strait of Hormuz is not negligible. If the situation eases temporarily, commodity prices may see a significant correction; conversely, gold and oil prices may further surge. Bitcoin may face short-term pressure, with the medium term depending on liquidity. Currently, Gate has launched trading sectors for metals, stocks, indices, forex, and commodities. Investors can use Gate TradFi to execute 24/7 trading and quickly seize market opportunities.

Cryptocurrency Market Overview
BTC (+3.97% | Current price 68,663 USDT): Against the backdrop of Trump continuously reinforcing economic uncertainties, gold and silver prices have surged significantly, and Bitcoin's phased weakness is also understandable. In February, Bitcoin declined nearly 15% and recorded its fifth consecutive month of decline. However, from a seasonal and technical perspective, there is still a possibility of a technical rebound in March. On the daily chart, Bitcoin's price remains within a larger downward channel. After the key support zone of $75,000–$80,000 was effectively broken, it has turned into an important resistance zone above, exerting clear short-term pressure on a rebound. On the hourly chart, Bitcoin shows a typical bearish continuation pattern: after a rapid decline, the price consolidates with a weak rebound along a parallel trend line. If the price falls below approximately 62,500

Against the backdrop of increased macro volatility and cross-market linkages in 2026, Gate has split macro trading into two complementary paths and embedded them into account infrastructure: Gate TradFi (MT5 + CFD) offers a professional entry point closer to traditional rules and cost structures, while Gate Macro Perpetual Contracts settle in USDT and incorporate stocks, metals, indices, forex, and commodities into a unified margin and risk management framework within contract accounts. As of February 11, Gate has launched over 70 macro perpetual contracts covering five major asset classes; at the mechanism level, Price-Hold handles pricing continuity during market closures, and supports parallel long and short positions within the same market, as well as a mix of full and isolated margin positions, and independent leverage settings for isolated longs and shorts in a sub-account mode, thereby enhancing the executability of hedging, position adjustments, and strategy reuse.

Last week, the market was affected by the US-Iran conflict, leading to increased volatility in gold, oil, and the crypto markets. BTC experienced fluctuations during the correction, ETH performed relatively weakly, and NEAR rose approximately 39.62%. Fund flow data indicates market rebalancing, with Polymarket driving up Polygon transaction fees. The report will provide an in-depth analysis of trends and market data.