Week of February 10 - 16, 2026
Vietnam’s Ministry of Finance is preparing to impose a 0.1% personal income tax per transaction on crypto trading conducted through licensed platforms. For corporate entities, a 20% tax on net profits after deducting costs and expenses will apply. The government will also begin accepting applications from trading platforms once clear regulations are officially issued.
Strategy reported a net loss of USD 12.6 billion in Q4, marking its largest quarterly loss, driven by accounting impairment charges related to its Bitcoin (BTC) holdings. However, the company reaffirmed that its balance sheet remains strong, stating that Bitcoin prices would need to fall to USD 8,000 and remain there for approximately 5–6 years before impacting its debt repayment ability.
The People’s Bank of China and seven other regulatory agencies have issued a ban on the issuance of stablecoins and tokenized real-world assets (RWAs) pegged to the Chinese yuan without authorization. The ban applies to entities operating both within China and abroad, citing concerns that stablecoins could threaten financial stability and currency control.
U.S. Treasury Secretary Scott Bessent confirmed that there will be no directive for private banks to purchase additional Bitcoin during market downturns. The government will continue to hold Bitcoin acquired through asset seizures in the Bitcoin Strategic Reserve as previously planned.
Vitalik Buterin, co-founder of Ethereum, reported a transaction involving the sale of 2,961 ETH, valued at USD 6.6 million at an average price of USD 2,228 per ETH. Buterin has previously stated that such sales are intended to fund charitable causes and project development.
The Crypto Fear & Greed Index has dropped to 9 out of 100, reaching an “Extreme Fear” level not seen since June 2022, during the collapse of the Terra blockchain. Bitcoin has now declined 50% from its all-time high of USD 126,000 recorded in October last year.
Data from Google Trends shows that searches for “Bitcoin” have surged to a one-year high index of 100 after the price fell to USD 60,000, suggesting renewed interest from retail investors.
Bitcoin (BTC) has rebounded from short-term oversold RSI levels, suggesting a potential relief rally in the near term. However, if it fails to break above the USD 80,000 resistance, the overall trend may remain bearish. Investors should closely watch the USD 62,000 support level. A breakdown below this level would warrant a more cautious investment approach, as the market still lacks sufficient momentum to sustain an upward move.
Ethereum (ETH) rebounded quickly after touching a low of USD 1,700 and is currently moving sideways as the market awaits a clearer direction. If prices continue to rise, the next target is USD 2,350. However, if ETH moves lower, the USD 1,800 support level should be closely watched, as a break below this level could signal further downside.
Coin98 (C98) delivered a 40.30% gain over the past week, outperforming the broader market. The price trend remains relatively strong, with potential buying opportunities on pullbacks. The first buy zone is at the USD 0.0225 support level, while the take-profit resistance is near the previous high at USD 0.0335.
MemeCore (M) posted a 25.65% gain over the past week, but price volatility remains high. Caution is advised if the price falls below the previous low support at USD 1.20, as this could signal a trend reversal to the downside. If the support holds, the next upside target is the previous high resistance at USD 1.90.
The cryptocurrency market and Bitcoin (BTC) saw a sharp decline amid concerns that the incoming U.S. Federal Reserve (Fed) Chair may favor a more hawkish monetary policy stance, alongside heavy selling in technology stocks due to worries over rising AI-related capital expenditures.
The break below the USD 80,000 level put pressure on ETF investors whose average cost basis is around that price. In addition, Bitcoin fell below Strategy’s average holding cost of USD 76,000, triggering panic selling that pushed prices down to USD 60,000 before buying interest returned.
Market pressure began to ease after Strategy reaffirmed that Bitcoin trading below its cost basis does not impact the company’s balance sheet. Combined with the rapid and steep price decline that led to oversold conditions, this helped attract bargain buying.
In the short term, the market may continue to rebound on the back of this buying interest. However, in the medium term, price momentum remains weak and lacks new positive catalysts, warranting continued caution in investment decisions.
A key event this week is the release of U.S. Non-Farm Payrolls data on Wednesday, 11 February 2026. Employment is expected to increase by 70,000 jobs, up from 50,000 in the previous month. A lower-than-expected figure could help support market confidence regarding monetary policy.
Investment Strategy: Monitor Bitcoin closely. If prices hold above the previous low at USD 60,000, investors may gradually accumulate for the medium to long term. However, if prices fall below this level, it is advisable to pause investments for now.
Disclaimers
Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.