{"id":133195,"date":"2026-02-06T17:26:02","date_gmt":"2026-02-06T17:26:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=133195"},"modified":"2026-02-06T17:26:02","modified_gmt":"2026-02-06T17:26:02","slug":"bitcoin-price-roars-above-71000-after-days-of-sell-offs","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=133195","title":{"rendered":"Bitcoin Price Roars Above $71,000 After Days of Sell-Offs"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Roars Above $71,000 After Days of Sell-Offs<\/a><\/p>\n

<\/div>\n

The bitcoin price rebounded sharply Friday after a steep sell-off over the previous 24 hours, climbing briefly climbing above $71,000, a jump of $11,000 from its $60,000 low earlier in the 24-hour session.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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.\u00a0<\/p>\n

Data compiled Thursday showed Bitcoin\u2019s value dipping to its lowest since late 2024, signaling growing bearish sentiment among market participants.\u00a0<\/p>\n

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.<\/p>\n

Also, as the bitcoin price collapsed yesterday, forced liquidations boomed with over<\/a> $1 billion in positions wiped out over the past 24 hours, predominantly long bets facing automatic close-outs as BTC broke key levels.<\/p>\n

Crypto stocks rebound as Bitcoin price recovers<\/h2>\n

Despite Thursday\u2019s losses, Bitcoin price\u2019s rebound Friday saw prices climb from the $60,000 region back above the $70,000 mark, reflecting a nearly 15% recovery from intraday lows.\u00a0<\/p>\n

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%\u00a0<\/p>\n

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. Riot Platforms (RIOT) rose 16.54% to $14.05, while Cipher Mining (CIFR) added 15.47% to $14.66.\u00a0<\/p>\n

Bitmine Immersion Technologies (BMNR) increased 15.43% to $20.08, and Core Scientific (CORZ) gained 10.43% to $16.36. Neptune Digital Assets (NDA) also advanced, rising 11.43% to $0.78<\/p>\n

During the drop, the iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF managed by BlackRock that lets investors gain exposure to Bitcoin without holding the crypto directly, crushed its daily volume record with about $10\u202fbillion worth of shares traded \u2014 even as its price plunged<\/a> 13%, marking the second\u2011worst one\u2011day drop since the fund\u2019s launch.<\/p>\n

Currently, bitcoin is trading at $70,661.\u00a0<\/p>\n

This post Bitcoin Price Roars Above $71,000 After Days of Sell-Offs<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Roars Above $71,000 After Days of Sell-Offs The bitcoin price rebounded sharply Friday after a steep sell-off over the previous 24 hours, climbing briefly climbing above $71,000, a jump of $11,000 from its $60,000 low earlier in the 24-hour session.\u00a0 The move came after several turbulent market sessions that saw the […]<\/p>\n","protected":false},"author":0,"featured_media":133196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133195","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\/133195"}],"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=133195"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133196"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}