Bitcoin continues its tug-of-war with gravity after an unforgiving plunge from 
record highs. On Feb. 8, 2026, bitcoin is priced at $70,854, boasting a market 
capitalization of $1.41 trillion and a 24-hour trading volume of $50.09 
billion. The price ranged intraday from $68,443 to $70,976—swinging like a 
caffeinated pendulum through volatile terrain. Bitcoin Chart Outlook […]

From Boom to Bruised: Bitcoin Claws Back After Crash to $60K

So if you&#8217;re feeling the pressure from Revolut on your fintech business in 
Europe, I strongly advise taking a serious look at the crypto-finance market

Crypto is Europe’s best answer to Revolut’s fintech dominance | Opinion

Ethereum price could be preparing a strong rebound after forming a giant 
hammer candle and confirming the inverted head-and-shoulders chart pattern as 
the staking queue jumps to a record high. Ethereum (ETH) token was trading at 
$2,080, up sharply from…

Ethereum price confirms inverted H&S as staking queue soars

Recent on-chain data shows that the Bitcoin price is currently at an important 
phase, raising suspicions as to whether the market is nearing a cyclical 
bottom. Mayer Multiple Falls To 0.6 — What This Means In a recent Quicktake 
post on the CryptoQuant platform, on-chain analyst Ruga Research pointed out 
that the Bitcoin price now has a 40% negative deviation from its 200-day 
moving average. This on-chain observation revolves around the Bitcoin Mayer 
Multiple. Related Reading: Bitcoin Drifts Into A Deep Conviction Zone, Smart 
Money Stays Patient For context, the Mayer Multiple metric tracks how far a 
coin&#8217;s current price is trading above or below its long-term trend. This 
indicator is able to achieve this by dividing the price by its 200-day moving 
average. When the metric shows a reading of 1, it typically means that the 
Bitcoin price is trading approximately at the 200-day MA. Meanwhile, readings 
above 1 reflect that the Bitcoin price is at a premium relative to its long- 
term trend, while readings below 1 suggest that the price is trading at a 
discount. Historically, the metric has several thresholds in tandem with 
market conditions. For example, when the metric reaches levels above 2.4, it 
often signals that the Bitcoin price is at an overbought zone (also known as 
the bubble territory). As explained earlier, 1 &#8211; 1.5 represents the normal 
bull-market range, while 0.8 &#8211; 1.0 is typically the discount zone (where 
accumulation often occurs). Notably, when the price falls to regions below 
0.8, it signals that the Bitcoin price has been oversold, as a result of 
capitulation events. Ruga Research revealed that the metric is currently at 
0.6, reflecting an approximate 40% deviation below Bitcoin&#8217;s long-term trend. 
Hence, it is apparent that the Bitcoin price stands at a statistical extreme. 
Historical data where the Mayer Multiple fell to similar levels also adds 
credibility to this level&#8217;s relevance. In December 2018, the metric dropped to 
the 0.5 &#8211; 0.6 range (near Bitcoin&#8217;s market bottom around $3,200) before the 
price witnessed a more than 540% growth. Similarly, the metric fell to 0.5 
owing to the COVID crash, followed by a recovery and expansion of the Bitcoin 
price by 1,100% in another 12-month period. This scenario also repeated in 
November 2022, with the Mayer Multiple falling to the same region, after which 
the BTC price soared by over 170%. However, Ruga Research mentioned, as a 
caveat, that the metric does not precisely spot where and when a bottom will 
form, but merely reveals what to expect in the long-term. It is also possible 
that the metric could record further downside moves or see some consolidation 
before going to the upside. Bitcoin Price At A Glance As of this writing, 
Bitcoin is worth approximately $70,383, reflecting an over 2% jump in the past 
24 hours. Related Reading: Coinbase Premium Turns Positive Since Mid-January 
As Bitcoin Sees Price Relief Featured image from iStock, chart from 
TradingView

Bitcoin Is Trading 40% Beneath Its 200-Day MA — What’s Next?

Analysts forecast Block to post $403 million in Q4 profit on $6.25 billion 
revenue, following a third quarter marked by strong gross profit growth but 
mixed market reaction.

Cryptocurrency price in LKR