2026-02-08 22:00 UTC | ⛏️ 935647 ₿ $70,681 | 🥇 $4,959 1. Bitcoin crashes to $60K, rebounds to $71K -- Bitcoin plunged to nearly $60,000 mid-week before recovering to above $71,000, driven by macro volatility and institutional buying. The volatility reflects broader risk-asset selloff concerns and represents one of the sharpest corrections of the cycle. 2. US stock market jolted by AI capex concerns -- Tech stocks including Nvidia dropped >10% this week as investors questioned whether massive AI spending by companies like Amazon ($200B committed) will justify future profits. The selloff raised doubts about software company revenues facing AI competition. 3. US-Iran escalate military tensions -- Iran's Revolutionary Guard attempted to seize a US tanker in the Strait of Hormuz; the US shot down an Iranian drone approaching USS Abraham Lincoln. High-level talks scheduled but disagreements remain significant. 4. Russia intensifies Ukraine strikes; war economy pressures -- Russia launched fresh drone and cruise missile attacks across Ukraine after brief moratorium, targeting critical energy infrastructure in Kyiv and Kharkiv. Ukraine must rapidly strengthen weapons production capacity and drone interception technology. 5. Fed rate cuts coming; US debt crisis looms -- Goldman Sachs projects 50 basis points of Fed cuts in 2026 as inflation resolved. However, largest structural risk: US government debt at post-WWII highs with no credible stabilization plan; potential sovereign bond turbulence could trigger dollar weakness.