-
BTC accelerated its fall to USD 63,000, but then stabilized above USD 70,000.
-
ETH, SOL, XRP and BNB, which follow BTC in terms of capitalization, acted similarly.
The cryptocurrency market has experienced a significant respite in recent hours after a week of intense liquidations. Bitcoin (BTC), the leading digital currency, led a recovery that dragged the rest of the main assets in the ecosystem with it.
After having hit a local minimum around $60,013, the price of bitcoin managed stabilize and rebound until it surpasses the barrier of $70,000 this February 6, 2026. This upward movement has allowed a slight calm on the negotiating tables, although the long-term technical structure still shows signs of weakness.
The data analyzed in the daily charts reveal that the fall of bitcoin was accelerated and forceful this week. The digital asset was trading more than 50% below its all-time high of $126,000, reached in October 2025.
However, at press time, bitcoin is trading at $70,992, according to the NoticiasVE Price Calculator. This represents a 13% spike in a single day, on average. This is seen in the following graph:
However, despite the rebound, the digital currency still drags a cumulative loss greater than 15% in the last seven dayswhich shows the depth of the recent correction.
Currencies join the market rebound
Bitcoin’s behavior was replicated almost identically by the industry’s leading digital assets. Ether (ETH), the second digital currency by capitalization, shows a recovery trend in its daily chart after having fallen towards the $1,747 area. It currently stands at $2,070.as seen below:
For their part, assets such as solana (SOL), BNB and XRP also recorded coordinated movements. SOL managed to recover from lows near $67 to settle at $88.96, while BNB and XRP remain at $662 and $1.47, respectively. It, after having suffered dizzying falls this week.
Extreme fear takes over the market
This extreme volatility has directly impacted market sentiment. The fear and greed index currently registers a value of 5 points out of 100, a figure that classifies the current state as «extreme fear.»
This level of pessimism has not been observed since 2022, a period marked by systemic collapses in the industry, such as that of the FTX exchange. The current decline, which erased much of the gains made over the last year, has generated a phase of capitulation. This according to various market analysts.
Joao Wedson, founder and CEO of the intelligence firm Alphactal, noted that the on-chain data reflects a phase of official capitulation. According to the specialist, the market is processing large realized losses. In his opinion, this could imply that the current recovery is only a technical rebound before new bearish movements.
Wedson highlights that factors such as price decline and supply activity on the network suggest that selling pressure has not yet completely dissipated.
Despite this Friday’s coordinated recovery, The weekly outlook remains in the red for most investors.
The CoinMarketCap chart below reflects that solana leads the weekly losses among major assets with a decline of 23.4%, closely followed by ETH at 23% and BNB at 22.3%.
The data confirms that, although bitcoin has managed to recover the psychological level of $70,000, the digital asset market is still in a stabilization process after one of the most severe corrections in recent months.