Bitcoin and Stock Futures Rise as Markets Stabilize After Tech Sell-Off

TLDR Bitcoin $BTC traded at $70,800 on February 9 after recovering from a dip below $60,000 during last week’s sell-off Crypto market capitalization rebounded to $2.4-2.6 trillion but remains below the $3 trillion peak from earlier in 2026 U.S. Senate Agriculture Committee bill would grant CFTC authority over digital commodities trading and regulation Dow Jones $DJIA surged 1,200 points to close above 50,000 on Friday while S&P 500 $SPX gained 2% January jobs report delayed to Wednesday and CPI data coming Friday will influence Federal Reserve rate decisions Bitcoin regained the $70,000 level on February 9 after a sharp correction pushed prices below $60,000 last week. The leading cryptocurrency traded around $70,800 as markets showed signs of stabilization. Bitcoin (BTC) Price The broader crypto market capitalization climbed back to roughly $2.4-2.6 trillion. This marks a recovery from last week’s selloff but remains below the nearly $3 trillion peak seen earlier this year. Trading volume across altcoins has increased despite slower market share gains compared to Bitcoin. Market sentiment indicators reveal continued caution among investors. A widely followed fear index dropped to its lowest reading since mid-2022. This suggests the current price recovery is driven more by bargain hunting than renewed bullish conviction. Bitcoin added approximately 2-3% over the past 24 hours. Technical traders are monitoring the $69,000-70,000 zone as critical support for maintaining the short-term uptrend. Resistance levels are identified in the $73,700-78,000 range where profit-taking may emerge. Some analysts warn that historical cycle patterns point to potential downside risk. A deeper retracement into the $30,000-40,000 range cannot be ruled out if leverage continues to unwind. The gap between near-term technical strength and long-term cost basis concerns is shaping current trading flows. CFTC Regulation Bill Advances Through Senate A legislative proposal moving through the...