Bitcoin and Ethereum drop by 3% while XRP and Dogecoin fall by over 6% during holiday trading.
February 16, 2026
Bitcoin and Ethereum experienced a slight 3% dip, along with a more substantial fall of over 6% in XRP and Dogecoin during holiday-thinned trading. Bitcoin maintained the $68,000 level, showing improved Fear & Greed sentiment and a modestly positive flow in ETFs, with liquidations totaling $261.4 million over the past 24 hours.
Jelle, a crypto trader, noted that Bitcoin seemed to be attracting local demand around its previous peak levels, suggesting that patience is necessary due to the history of re-accumulation required for a significant reversal. Meanwhile, Crypto Tony highlighted $67,300 as a potential downside target for Bitcoin, emphasizing that tapping into untapped liquidity below current levels could drive a stronger resurgence.
Ethereum’s three-day chart revealed a bearish pennant formation, indicating consolidation within converging trendlines post a recent drop. Trader Tardigrade projected a downside continuation, suggesting a possible breakdown target around $1,136 for Ethereum. Ali Martinez, a crypto chart analyst, raised concerns about XRP showing weekly gravestone doji, which had previously led to a 46% decline, signaling potential renewed downside risks if the pattern repeats.
The meme coin sector saw an approximate 6% decrease to $36.4 billion, following a broader softness in cryptocurrencies. Daan Crypto Trades highlighted Dogecoin’s test at the $0.08 level and mentioned the $0.08–$0.13 range as a crucial consolidation zone. While a breakout above the range could lead to a move towards the daily 200-day moving average, the price currently remains uncertain in the middle of the range.
Bitcoin was priced at $68,485.79, Ethereum at $1,962.79, Solana at $84.99, XRP at $1.47, Dogecoin at $0.1018, and Shiba Inu at $0.056540 at the time of reporting. The article emphasized the various technical analyses and forecasts provided by experts in the cryptocurrency market.
Overall, the article highlighted the current market fluctuations in popular cryptocurrencies and reiterated the importance of monitoring key technical indicators and patterns to gauge potential price movements in the volatile crypto market landscape.
