• Bitcoin gains, is still ‘signficantly undervalued,’ Bitwise says. • ‘Extreme fear’ dominates. • Your day-ahead look for Feb. • 20, 2026 What to know: You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what’s expected during the coming day. • Crypto Daybook Americas will kickstart your morning with comprehensive insights. • If you’re not already subscribed to the email,click here.

Article Summaries:

  • Bitcoin’s price has rebounded from a $60,000 low, but Bitwise’s European research head, André Dragosch, warns that a sharp V‑shaped recovery is unlikely. He expects the market to trade sideways or slightly lower as risk appetite remains muted. Despite this, Dragosch notes Bitcoin remains “significantly undervalued” against global money supply, gold, and ETP flows, suggesting a potential catch‑up if flows resume. Prediction markets now give the U.S. Clarity Act a near‑80% chance of passing in 2026, which could lift alternative tokens like ETH and SOL. Large holders are moving Bitcoin to Binance, hinting at possible selling pressure, while macro data-especially the upcoming U.S. core PCE-may influence Fed policy and weekend volatility.

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