Crypto Daily Report
#我在Gate广场过新年 02.10: Bitcoin Drops Below $70,000, Institutions Split, Bulls and Bears Both Hanging On
1. Bitcoin Price Swings and Market Moves
Bitcoin’s been on a wild ride lately. It shot up to $100,000 in January, tumbled below $60,000 for a bit, then bounced back. On February 9th, right around 7:20 AM in New York, it dipped to $69,037—slipping under $70,000 again after briefly climbing above it. Volatility’s off the charts. The Bitcoin Volatility Index jumped above 97%, the biggest single-day spike since the FTX collapse in 2022. On the same day, the US Bitcoin ETF picked