Bitcoin slides 1.5% below $70,000 ahead of US inflation data

Bitcoin Price Today

• Bitcoin drops 1.46%, trading around $66,500 amid weak sentiment
• Crypto market volatile as investors await US inflation data
• Standard Chartered warns BTC could drop to $50K in near term

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Bitcoin stays under pressure after fresh downside warnings from Standard Chartered and ahead of key U.S. inflation data, while the broader crypto market mirrors a cautious tone.

The world's largest cryptocurrency plunged just above $65,243 in early trade, but recovered some of those losses to trade at $66,512 on February 13 (9:30 am IST), though that represented a decline of 1.46 percent in the last 24 hours.

“Prices have been oscillating near $65,000 as weak trading volumes signal limited buyer conviction. While volatility remains elevated and liquidation activity has increased, the defence of these support levels could help steady sentiment and gradually restore investor confidence if macro data eases risk concerns," said Avinash Shekhar, Co-Founder & CEO, Pi42.

According to Riya Sehgal, Research Analyst at Delta Exchange, bitcoin remains capped below $70K, with $65K as the key battleground for bulls to defend. A decisive close above $70K could shift momentum, but failure to hold current support risks a deeper retest near $62,000.

Ethereum was down 0.74 percent, XRP 0.87 percent, BNB 1.22 percent, Solana 1.94 percent, Tether 0.01 percent, Bitcoin Cash 0.53 percent. At the same time, USDC, TRON and Dogecoin were up by 0.01 percent, 0.13 percent, and 0.82 percent, respectively, over the last 24 hours.

According to CoinDCX, the  top gainers for the day include River with over a 30.5 percent rise, followed by Kite with a 22.71 percent rise, Humanity Protocol with a 9.83 percent rise, and Polygon by 8.94 percent rise.

Here's how the price of cryptocurrencies has moved.

Why is Bitcoin down? Should you invest?

"Global crypto markets witnessed elevated volatility, alongside weakness in US tech stocks. Growing scepticism around the return of AI infrastructure Investments added pressure to tech equities. Even traditional safe assets like gold and silver didn’t hold up. Softer economic data, including an 8.4 percent decline in US home sales and higher-than-expected jobless claims, added to the cautious tone," said CoinSwitch Markets Desk.

The global market cap slides below $2.3 trillion, while market sentiment remains in extreme fear. Coinbase reported a $667 million loss in Q4 2025, as revenue fell 20 percent,  while adding $39 million worth of Bitcoin at the same time.

Polymarket introduced a 5-minute BTC price prediction as the Crypto Fear & Greed index drops to 5, the lowest level on record. Aave Labs proposes directing 100 percent of product revenue to the AAVE DAO under its new ‘Aave Will Win’ framework. Standard Chartered sees BTC & ETH prices falling to $50K and $1,400 in the near term.

"Our advice for investors is that for disciplined participants, a staggered accumulation near support levels and prudent hedging via futures or SIP-style averaging can help navigate volatility while keeping downside risk in check. Do not trade unless you are an expert. Look at accumulation as an investment at these lower price points," said Vikram Subburaj, CEO, Giottus.