Bitcoin tested $60,000 support and hit a 16-month low on Friday, Feb. 6, 2026, amid a wider tech-led selloff, Reuters reported. The cryptocurrency later traded around $64,153 after earlier sliding to $60,008, while ether fell to a 10-month low. Global crypto market capitalization has dropped about $2 trillion since early October, with bitcoin down 16% for the week.
Key Points
- 1Bitcoin hits 16-month low near $60,000, trading volatile around $64,153 on Feb. 6, 2026
- 2Global selloff in tech and leveraged positions wiped roughly $2 trillion from the crypto market since October
- 3Raises urgency for tighter risk controls; spot bitcoin ETFs recorded notable outflows including about $3 billion in January
Scoring Rationale
Significant market decline reported by reputable sources, but routine crypto volatility and no structural change limit broader impact.
Sources
Public references used for this report.
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