Crypto market falters as investors overlook positive developments and seek an exit strategy.

Your day-ahead look for Feb. 13, 2026

If investors "see an exit ramp, they’re taking it.” (Markus Pfaff/Shutterstock modified by CoinDesk)

What to know:

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By Francisco Rodrigues (All times ET unless specified otherwise)

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Bitcoin BTC$66,560.23 is poised for a fourth consecutive weekly drop, marking its longest losing streak since mid-November. The leading cryptocurrency has decreased by 1.7% in the last 24 hours and by 4.8% since Monday morning.

The broader CoinDesk 20 Index (CD20) has declined by 2% in a market largely influenced by fear, as noted by Bitwise research analyst Danny Nelson. The Crypto Fear and Greed Index has remained in “extreme fear” territory for nearly two weeks.

“The main force driving the market currently is fear. Fear that we will decline further,” Nelson informed CoinDesk. “In such a market, positive news fails to resonate with investors. If they spot an exit ramp, they are utilizing it.”

To underscore his observation, Nelson referenced the market’s reaction to Uniswap’s UNI$3.3243 25% increase following the announcement by BlackRock (BLK), the world’s largest asset manager, stating it would make shares of its $2.2 billion tokenized U.S. treasury fund BUIDL tradable on the decentralized exchange. The token has subsequently retraced the gains made after this disclosure.

“Sellers pessimistic about the market’s short-term trajectory have outnumbered the bulls hoping that institutional adoption will enhance value in the long run,” he stated.

Earlier this week, robust U.S. payroll figures and a declining unemployment rate led traders to reevaluate rate-cut anticipations for the year. Additional insights may emerge later today with inflation statistics for the largest economy globally.

The U.S. Consumer Price Index (CPI) for January is projected to indicate a 2.5% year-over-year inflation rate.

Compounding this uncertainty is the apprehension regarding a potential partial U.S. government shutdown. The likelihood of such an occurrence tomorrow is now approximately 90% according to prediction market Kalshi. If it happens, anticipate increased volatility amid low trading volume. Stay vigilant!

Read more: For an analysis of today’s movements in altcoins and derivatives, refer to Crypto Markets Today

What to Watch

For a more extensive list of events this week, refer to CoinDesk’s "Crypto Week Ahead".

• Crypto
  • No events scheduled.
• Macro
  • Feb. 13, 8:30 a.m.: U.S. core inflation rate YoY for January (Prev. 2.6%); MoM Est. 0.3% (Prev. 0.2%)
  • Feb. 13, 8:30 a.m.: U.S. inflation rate YoY for January (Prev. 2.7%); MoM Est. 0.3% (Prev. 0.3%)
• Earnings (Estimates based on FactSet data)
  • Feb. 13: Trump Media & Tech Group (DJT), post-market
  • Feb. 13: HIVE Digital Technologies (HIVE), post-market, -$0.07

Token Events

For a more comprehensive list of events this week, see CoinDesk’s "Crypto Week Ahead".

• Governance votes & calls
  • No events scheduled.
• Unlocks
  • Feb. 15: Connex CONX$11.33 will unlock 1.56% of its circulating supply valued at $15 million.
• Token Launches
  • Feb. 13: Binance will delist Acala Token (ACA), CHESS$0.003086, DATA$0.0₃9313, DF$0.001627, GHST$0.1101, and