Summary From Daily Market Sentiment/Insight. Bitcoin bounced back after hitting the $60,000 level, but is now retracing again. The support level is around the $65,000 area, and losing this level will likely lead to a drop below $60,000. The cryptocurrency market is currently experiencing a period of significant volatility and downward pressure, characterized by a sharp sell off in major assets like Bitcoin. Despite this broader "free fall," specific sectors such as NFTs and certain altcoins like Decred are demonstrating unexpected resilience or decoupling from the general trend. Bitcoin spot ETFs recorded a net inflow of $330.7M on February 6. BlackRock clients bought $231.6M worth of BTC. Coin Base CEO Brian Armstrong confirms that Crypto AI is just getting started, signaling early growth in the sector.