Bitcoin extends decline, falls to the $65,000 level [Crypto Briefing]
- Input
- 2026-02-13 10:21:23
- Updated
- 2026-02-13 10:21:23
According to Financial News, Bitcoin on the 13th continued its downward trend and fell to around $65,000.
Data from global crypto asset information platform CoinMarketCap shows that as of 10 a.m. that day, Bitcoin was trading around $65,000, down 2.29% over the previous 24 hours. Over the past week, however, Bitcoin has risen 3.36%.
In the Korean won market, Bitcoin is trading around 97 million won. According to global crypto market comparison platform Cryprice, the Korea premium stands at 1.67%.
The cryptocurrency market remains heavily influenced by U.S. economic data releases. The U.S. Bureau of Labor Statistics (BLS) announced on the 11th (local time) that nonfarm payrolls increased by 130,000 in January, far above the market consensus of 68,000–70,000. As hiring proved more resilient than feared, concerns grew in the market that the Federal Reserve System (Fed) is now less likely to cut interest rates.
Kim Hyun-jung, a researcher at Kiwoom Securities, said, "Bitcoin has pared back its gains as it came under the influence of U.S. economic indicators," adding, "Risks of a slowdown in employment are still being raised, and given that past nonfarm payroll figures have been revised downward, the market remains highly wary of economic uncertainty."
Investor sentiment has also chilled. The Crypto Fear and Greed Index provided by CoinMarketCap stood at 8 on the day, signaling "extreme fear." The index ranges from 0 to 100, with readings near 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
Institutional funds are flowing out as well. CoinMarketCap data shows that institutions recorded net purchases of Spot Bitcoin ETFs for three consecutive trading days from the 6th to the 10th, but on the 11th they turned to net selling, unloading $273.15 million (about 380 billion won).
At the same time, Ethereum was trading around $1,933, down 1.44% from the previous day. Ripple (XRP) was around $1.35, a decline of 1.8%.
yimsh0214@fnnews.com Lim Sang-hyuk Reporter