"The move came after several turbulent market sessions that saw the flagship cryptocurrency break key psychological support levels in a matter of hours. On Thursday, February 5, the Bitcoin price plunged as global financial markets deteriorated, with major stock indices sliding sharply and pushing investors out of riskier assets. The sudden downturn was linked to broader macroeconomic stress, including weak earnings reports and steep declines in technology stocks, which intensified a flight to safety among traders."
"Data compiled Thursday showed Bitcoin's value dipping to its lowest since late 2024, signaling growing bearish sentiment among market participants. The digital asset had retreated more than 40% from its all-time high above $126,000 reached in October 2025, underscoring the severity of the downturn. Also, as the bitcoin price collapsed yesterday, forced liquidations boomed with over $1 billion in positions wiped out over the past 24 hours, predominantly long bets facing automatic close-outs as BTC broke key levels."
"Despite Thursday's losses, Bitcoin price's rebound Friday saw prices climb from the $60,000 region back above the $70,000 mark, reflecting a nearly 15% recovery from intraday lows. Crypto-related stocks saw massive gains as well. Strategy ($MSTR) shares were up 21% on the day, while Coinbase ($COIN) and Circle ($CRCL) and Robinhood ($HOOD) shares all jumped 10-15% Bitcoin-linked equities also posted sharp gains, led by MARA Holdings (MARA), which climbed 21.03% to $8.14, and TeraWulf (WULF), up 19.55% to $14.25."
Bitcoin rebounded sharply Friday, climbing briefly above $70,000 after plunging to roughly $60,000 earlier in the 24-hour session. The sell-off followed several turbulent sessions that broke key psychological support levels and coincided with a broader market downturn as major stock indices slid and investors fled riskier assets. Weak earnings and steep technology stock declines intensified the flight to safety. Bitcoin fell to its lowest since late 2024 and had retreated more than 40% from its October 2025 all-time high above $126,000. Forced liquidations exceeded $1 billion, mostly long positions. Crypto-related equities rallied with multiple miners and platforms posting double-digit gains.
Read at Bitcoin Magazine
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