What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as of press time, as BTC has skyrocketed to over $71,000 just less than a day after it dipped to $60,000.<\/p>\n
The altcoins are well in the green now on a daily scale, and the total crypto market cap has increased by roughly $200 billion since its low from earlier this morning.<\/p>\n
<\/a>BTCUSD Feb 6. Source: TradingView<\/p>\n Bitcoin\u2019s price chart from above paints a very clear and volatile picture. It shows that the cryptocurrency plummeted by roughly $30,000 in the span of just over a week \u2013 from last Wednesday to Friday morning.<\/p>\n As reported earlier today, popular analysts blamed<\/a> this latest crash, in which bitcoin dropped<\/a> from $77,000 to $60,000 in about 24 hours, to emotional selling and structural change rather than broken fundamentals within BTC and the crypto market.<\/p>\n Since then, BTC has gone on a tear. It added over $10,000 since this morning\u2019s multi-year low, and briefly surpassed $71,000 minutes ago before it was stopped and now trades inches below it.<\/p>\n The altcoins have produced even more impressive gains, with XRP leading the pack. Ripple\u2019s cross-border token has soared by 19% daily to over $1.50 as of press time, while ETH has reclaimed the psychological $2,000 level.<\/p>\n The total value of wrecked positions daily is still over $2 billion, but most of it is from longs, which happened before today\u2019s recovery. Nevertheless, over $350 million worth of shorts have been wrecked in the past 12 hours, with BTC responsible for the lion\u2019s share ($261 million).<\/p>\n <\/a>Liquidation Data on CoinGlass Feb 6.<\/p>\n \u00a0<\/p>\n The post Bitcoin\u2019s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as of press time, as BTC has skyrocketed to over $71,000 just less than a day after it dipped to $60,000. The altcoins are well in the green now on a daily scale, and the total crypto market […]<\/p>\n","protected":false},"author":0,"featured_media":133192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133191"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133191"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133192"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD Feb 6. Source: TradingView<\/p>\nBitcoin\u2019s price chart from above paints a very clear and volatile picture. It shows that the cryptocurrency plummeted by roughly $30,000 in the span of just over a week \u2013 from last Wednesday to Friday morning.<\/p>\nAs reported earlier today, popular analysts blamed<\/a> this latest crash, in which bitcoin dropped<\/a> from $77,000 to $60,000 in about 24 hours, to emotional selling and structural change rather than broken fundamentals within BTC and the crypto market.<\/p>\nSince then, BTC has gone on a tear. It added over $10,000 since this morning\u2019s multi-year low, and briefly surpassed $71,000 minutes ago before it was stopped and now trades inches below it.<\/p>\nThe altcoins have produced even more impressive gains, with XRP leading the pack. Ripple\u2019s cross-border token has soared by 19% daily to over $1.50 as of press time, while ETH has reclaimed the psychological $2,000 level.<\/p>\nThe total value of wrecked positions daily is still over $2 billion, but most of it is from longs, which happened before today\u2019s recovery. Nevertheless, over $350 million worth of shorts have been wrecked in the past 12 hours, with BTC responsible for the lion\u2019s share ($261 million).<\/p>\n<\/a>Liquidation Data on CoinGlass Feb 6.<\/p>\n\u00a0<\/p>\nThe post Bitcoin\u2019s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as of press time, as BTC has skyrocketed to over $71,000 just less than a day after it dipped to $60,000. The altcoins are well in the green now on a daily scale, and the total crypto market […]<\/p>\n","protected":false},"author":0,"featured_media":133192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133191"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133191"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133192"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/02\/BTCUSD-Feb-6.png\"){kind=link}
![<\/a>Liquidation Data on CoinGlass Feb 6.<\/p>\n\u00a0<\/p>\nThe post Bitcoin\u2019s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as of press time, as BTC has skyrocketed to over $71,000 just less than a day after it dipped to $60,000. The altcoins are well in the green now on a daily scale, and the total crypto market […]<\/p>\n","protected":false},"author":0,"featured_media":133192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133191"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133191"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133192"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-06-194140.png\"){kind=link}