Bitcoin Price Today: Cyptocurrency bitcoin bounced from a 16-month low mark on Friday, Feb. 6, 2026, after testing the key $60,000 level, after a global selloff in technology stocks washed out risky bets across asset classes after Anthropic's new AI model. Earlier some diversified classes showed tentative signs of easing, however, they pared gains to extend losses. Crypto tokens across the group, including bitcoin, have been volatile during the session, but have now pared earlier losses.
The world's largest cryptocurrency was last up 3.3% to $65,198.20, clawing back its losses after having slid 5% to hit a low of $60,008.52 earlier in the session. Still, bitcoin remains pinned near its weakest level since October 2024, nearly a month before Donald Trump won the US presidential election in, having signalled his intention to support crypto on the campaign trail.
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Bitcoin Prices Today
Ether was last up 4% at $1,919.37, having similarly slid close to a 10-month low of $1,751.94 earlier in the session. The global crypto market has lost $2 trillion in value since hitting a peak of $4.379 trillion in early October, according to CoinGecko data. More than $1 trillion was wiped out over the past month alone. Bitcoin is on track to shed 15% for the week, taking its losses for the year so far to 26%. Meanwhile, ether was headed for a weekly decline of 16%, with losses of nearly 36% so far this year.
Sentiment on cryptocurrencies had been affected by the latest selling in precious metals and stocks. Gold and silver, for instance, have become more volatile as a result of leveraged buying and speculative flows. Bitcoin prices have been tied to the broader tech sector for some time. The price tended to rise, particularly on the back of investor enthusiasm over artificial intelligence. Cryptocurrencies have struggled for months since a record crash last October sent bitcoin tumbling from a peak.
That has resulted in investor sentiment cooling off on digital assets. Analysts from Deutsche Bank said in a note that US spot bitcoin ETFs witnessed outflows of more than $3 billion in January, following outflows of about $2 billion and $7 billion in December and November, respectively.
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How to place risky best for bitcoin?
According to CoinSwitch, markets saw sharp selling as risk appetite weakened, pointing to a broad liquidity squeeze rather than asset-specific stress. Bitcoin led declines, falling nearly 25% over seven days to around $62.5K, levels last seen in October 2024. Traditional safe havens also failed to hold, with gold down 4% and silver sliding 17%, highlighting forced de-risking across portfolios.
The total crypto market cap fell over 10% in a single day, an unusual correlation that signals leverage unwinds and margin-driven selling. With ETF demand slowing and spot absorption limited, Bitcoin may test $60K-$62K support, with downside risk toward $56K in a deeper risk-off scenario,'' said CoinSwitch.
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