Bitcoin and the broader crypto market have experienced heightened volatility amid significant market repricing.  The world's largest cryptocurrency plunged 1.03 percent on February 12 at $67,506 as of 9:30 am IST.

"Bitcoin is facing renewed macro headwinds after stronger-than-expected U.S. jobs data lowered the probability of near-term Federal Reserve rate cuts. Despite this, steady institutional demand continues to provide support," said Akshat Siddhant, Lead Quant Analyst, Mudrex.

Ethereum was down 2.07 percent, XRP 2.09 percent, BNB 0.27 percent, Solana 3.37 percent, Dogecoin 0.94 percent, Bitcoin Cash 1.22 percent, and Tether 0.01 percent. At the same time, USDC traded flat while TRON was up by 0.73 percent over the last 24 hours.

According to CoinDCX Research Team, the top gainer for the day is Pippin with over a 24.56 percent jump, followed by Aster and Hyperliquid that surged by 7.27 percent and 6.52 percent, respectively. On the other hand, MYX Finance drops by 39.73 percent, followed by LayerZero by 8.42 percent and Decred by 7.75 percent.

Why is Bitcoin down? Should you invest?

“The recent downturn in Bitcoin’s price action and the record-setting realised losses highlight a period of significant market repricing and heightened volatility. For investors looking ahead, it is more important than ever to focus on fundamental conviction and disciplined entry points. Lower price levels can offer attractive opportunities to selectively accumulate, especially when structural demand remains intact, and network fundamentals are strong," said Avinash Shekhar, Co-founder & CEO, Pi42.

Vikram Subburaj, CEO of Giottus, suggests that the market still seems to be respecting the $65,000 area as key long-term support for holders. $60,000 is the key ‘floor’ traders keep returning to.

"For investors with a 6-18 month lens, this is a sensible zone to accumulate gradually. However, do it with discipline. Stagger entries via SIPs, and use futures selectively (small size, defined stops) to hedge downside if support gives way. On the upside, rebounds have been stalling near ~$71,000, so treat rallies into resistance as moments to rebalance rather than chase," said Subburaj.

The US House passes a bill to end Trump’s tariffs on Canada. Besides, the country also recorded the lowest job growth in 2025, a non-recession year, since 2023.

Ondo Finance partners with Chainlink to enable tokenised US stocks as DeFi collateral on Ethereum. Denmark’s largest bank ends its 8-year crypto ban and now offers Bitcoin and Ethereum ETPs to clients. Robinhood Chain has launched its testnet and selected Chainlink as its oracle infrastructure.

Africa records the highest stablecoin conversion speeds, Hong Kong greenlights crypto margin financing and perpetual trading.

"Globally, central banks remain cautious as inflation pressures persist. While in India, the RBI has signalled a pause after its recent rate cut, with rising commodity prices and a weaker rupee likely preventing further easing in the near term. This indicates a shift toward maintaining stability rather than actively stimulating growth," said Nischal Shetty, Founder of WazirX.