📈 Crypto Market News – February 06, 2026
- Market Overview: NFP Volatility Hits The highly anticipated US Non-Farm Payrolls (NFP) data was released today, triggering immediate volatility. The global crypto market cap is swinging wildly around $3.56 Trillion.
The Data: Job growth came in slightly below expectations, fueling hopes for rate cuts later this year. The market initially dipped on the headline number but has since V-shaped back up as traders bet on continued liquidity.
- Bitcoin (BTC) The $99k Wick Bitcoin experienced a massive "liquidation wick" moments after the data release, touching $99,400 before pulling back to stabilize at $98,800.
Psychology: We are now less than 1% away from the historic $100,000 milestone. Order books are thinning out on the sell side, suggesting the final push could happen over the weekend when traditional market makers are offline.
- Solana (SOL) Outperforms Ethereum Solana is showing relative strength against Ethereum today.
Metric: The SOL/ETH ratio has hit a new yearly high. Traders are rotating capital into Solana, betting on its higher beta (volatility) to outperform during this risk-on rally triggered by the macro data.
- DeFi Yields Spike With the volatility, lending rates on DeFi protocols like Aave and Compound have spiked.
Opportunity: Stablecoin supply APYs have jumped to over 15% momentarily as leverage traders borrow heavily to catch the post-NFP momentum.
- ETF Weekly Flows: Record Breaker Preliminary data for the week ending today suggests a record-breaking week for Spot Bitcoin ETFs.
Inflow: Net inflows have surpassed $2.5 Billion for the week. This relentless institutional buying is providing a floor for the price, absorbing any dips caused by short-term traders taking profits.
