Bitcoin Surges to ₱4,066,525 ($70,215) as Rate Cut Bets Strengthen

₱4,066,525 ($70,215). That's where Bitcoin landed after clawing back from its early February crash that saw prices tank near ₱3,474,920 ($60,000).

Daily trading volume hit ₱2.49 trillion ($43 billion) as the price climbed roughly 2% in 24 hours, pushing the global market capitalization back above ₱81.08 trillion ($1.4 trillion). Bitcoin's seven-day high reached ₱4,079,208 ($70,434) on February 15, 2026.

January's Consumer Price Index came in at 2.4% year-over-year inflation, beating the 2.5% forecast. That softer number strengthened bets on earlier Federal Reserve rate cuts, which typically benefit higher-risk assets like crypto. Kalshi's prediction market showed implied odds of an April rate cut at 23%, while Polymarket's pricing moved higher throughout the week.

Research firm K33 called the ₱3,474,920 ($60,000) plunge a potential "local bottom" based on capitulation-like conditions in volume, funding rates, options positioning, and ETF flows. The Crypto Fear & Greed Index remains stuck in "extreme fear" territory — levels last seen during the 2022 bear market when Bitcoin dropped from near ₱2,895,766 ($50,000) in January to around ₱1,737,460 ($30,000) by May. Bitcoin peaked above ₱6,949,839 ($120,000) in October 2025 before sliding nearly 50% to its recent low.

Crypto stocks rallied hard on Friday. Coinbase stock surged 18% despite the exchange reporting a ₱38.61 billion ($666.7 million) loss for Q4 2025. MicroStrategy jumped 10% after the business intelligence firm announced it purchased more than 1,100 BTC this week, adding to its treasury holdings. The company maintains its long-term Bitcoin accumulation strategy despite quarterly mark-to-market declines.

Bitcoin reached an all-time high of ₱4,237,780 ($73,172) on February 5, 2026, before the subsequent decline below ₱4,054,073 ($70,000).