Cryptocurrencies Bitcoin, Ethereum, XRP, and Dogecoin Experience Decline Before Important Jobs Report: Analyst Predicts ‘Potential …’

February 11, 2026

On Tuesday, the cryptocurrency market experienced a downward trajectory as it mirrored the decline seen in major stock indexes. Bitcoin (BTC) dropped below $68,000 after a period of unstable sideways movement, with a notable 18% decrease in trading volume within the last 24 hours. Ethereum (ETH) also saw a decline, hitting an intraday low of $1,990, while XRP and Dogecoin recorded significant drops as well.

Companies associated with cryptocurrencies, such as Strategy Inc. (MSTR) and Bitmine Immersion Technologies Inc. (BMNR), closed the day with losses of 3.93% and 6.99%, respectively. Coinglass reported that around $215 million was liquidated from the market, with $149 million in bullish long positions wiped out. Additionally, it was noted that approximately $385 million in Bitcoin shorts on Binance were at risk of liquidation if Bitcoin manages to make a rebound to $75,000.

Bitcoin’s open interest declined by 2% in the past 24 hours, now standing at $45.07 billion, marking a 52% drop from its peak in October. Despite this, some cryptocurrencies managed to gain ground during the same period, such as Pippin (PIPPIN), River (RIVER), and FTX Token (FTT) with gains of +41.16%, +35.93%, and +16.05%, respectively.

With the global cryptocurrency market capitalization at $2.35 trillion, showing a 1.62% decrease over the past 24 hours, major stock indexes also closed in the red. The S&P 500 dropped by 0.33%, closing at 6,941.81, while the Nasdaq Composite slid by 0.59% to 23,102.47. In contrast, the Dow Jones Industrial Average reached a new high of 50,188.14, gaining 0.10%.

As the market awaits the January jobs report set to be released on Wednesday for labor market and economic insights, cryptocurrency analysts like Ali Martinez and Michaël van de Poppe have highlighted potential signals for a Bitcoin rebound. Martinez noted a “Buy” signal on Bitcoin’s 3-day chart using the TD Sequential indicator, suggesting a possible rebound within 3-9 days. Van de Poppe labeled the $70,950 level as crucial for a Bitcoin bounce, hinting at the potential for Bitcoin to reach $100,000 in the upcoming months.

Overall, the day saw a mixed performance in the market with both crypto and stock markets experiencing ups and downs, leaving investors awaiting key economic data to guide their decisions in the near future.