A 30‑day MVRV snapshot places Ethereum at -14.3%, the most undervalued among major caps, followed by Bitcoin at -6.9%, Chainlink at -5.1%, XRP at -4.1%, and ADA at -2.0%. Recent readings also note ETH struggling near $2,000 and BTC at $68,000, 46% below its last all‑time high.

Search interest for the phrase "Bitcoin Is Dead" on Google has recently climbed to notably high levels as BTC fell from $90,000 to $60,000 by February 6. One analyst claims these queries have reached a new all-time high since the FTX collapse, while other data suggests the peak was in December 2025. Bitcoin has reportedly been declared dead between 467 and 477 times over the years, yet each wave of pessimism has historically been followed by renewed strength in price and network activity.

On February 20, 2026, analyst Ali Martinez said ETH shows a bullish flag on an inverted chart and warned a larger move could drive prices below $1,400. On February 21, 2026, Daan Crypto Trades highlighted weak early-2026 performance, while the article notes roughly $113 million in spot ETH ETF outflows and continued BitMine accumulation.

On Friday, the US Supreme Court ruled 6-3 that President Trump could not rely on the International Emergency Economic Powers Act to maintain broad import tariffs, leaving around $130 billion in paid duties unresolved. Hours later, Trump invoked Section 122 to introduce a temporary 10% tariff on goods from all countries, while bitcoin held near $68,000 despite previous market sell-offs during earlier tariff moves. Crypto investors are now watching to see whether this new trade action will trigger another sharp downturn similar to those seen in February and April last year.

Pi Network's Core Team announced on February 20, 2026 that the protocol upgrade to version 19.6 has been successfully migrated, with v19.9 remaining as the last stage ahead of v20. Node operators are instructed to upgrade in time to stay connected to the network and support transaction validation under Pi's user-centric, progressively decentralized design.

On Feb. 20, 2026, the U.S. Supreme Court ruled President Trump's global tariffs illegal, per Walter Bloomberg, nixing duties projected to raise $1.5 trillion over the next decade. Bitcoin dipped to $66,500 before rebounding above $68,000 within minutes, and later traded below $68,000 as Trump called the decision a "disgrace."

On February 15, Pi Network's Core Team reminded node operators to meet a compliance deadline, including running nodes on laptops or desktops or risk disconnection. PI rebounded after the market's decline, briefly surpassing $0.20 and still up about 40% for the week, while PiScan indicates daily unlocks could drop to under 6.2 million next month.

Pi Network’s PI jumped more than 40% over the week and trades near $0.19 after a 6% daily rise, while Bitcoin oscillates around $68,000 following a dip below $67,000. ETH added 2% to reclaim $2,000, and WLFI led daily movers with a gain above 17% to over $0.115.

On February 6, Bitcoin dropped to $60,000, its lowest since October 2024, then rebounded to $72,000 before failing at $70,000 yesterday and slipping below $68,000. Pi Network's PI turned higher toward $0.18 and moved back into the top 50 by market cap. BTC's valuation is $1.355 trillion on CG, with dominance under 56.5%.