Crypto remains stable despite recent downturns as Bitcoin’s hash rate climbs. Institutions continue to invest, leading analysts to believe a new bull run is on the horizon.
Current Market Overview
Crypto market cap has recently seen a dip of 1.7%, now around $3.2 trillion, but signs of optimism prevail.
- Bitcoin, currently trading above $97,000 despite fluctuations, has shown resilience, with significant price stability compared to past volatility.
- Altcoins like Cardano, Solana, Dogecoin, and BNB are performing similarly, with no significant losses over recent trading weeks.
Reason #1: Rising Hash Rate and Difficulty
Bitcoin’s hash rate has reached record levels, indicating growing mining activity and resources being funneled into securing the network. As of February 9, the hash rate stood at 826 EH/s, only slightly below the previous day’s 835 EH/s. This elevation enables the network to recalibrate its mining difficulty positively, now at 114.17T, up by 5.61%.
Reason #2: Institutional Investments
Notable institutions, like the University of Austin and Emory University, are increasingly adding Bitcoin exposure to their portfolios, reinforcing demand within the market. Institutions have reportedly purchased over $113 billion in Bitcoin.
Reason #3: Market Resilience
Despite no cryptocurrency advertisements during the 2025 Super Bowl, the market has maintained stability. Analysts argue that this reflects a maturity in the market emphasizing sustainable growth over hype-driven events.
“The good news is there hasn’t been a single crypto ad the entire Super Bowl so the bull market can continue” — Cydel. (Translation: The absence of crypto ads may indicate a more stable market independent of speculative hype.)
