Industry Newsbitcoinetherspot etfmarket volatility
Bitcoin Tests $60,000 Support Amid Crypto Selloff
6.2
Relevance Score
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.
Scoring Rationale
Significant market decline reported by reputable sources, but routine crypto volatility and no structural change limit broader impact.
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Sources
- Read OriginalBitcoin on the cusp of $60,000 as investors flee risky betsthehindu.com
- Read OriginalBitcoin rebounds after brushing $60,000 levelrte.ie
- Read OriginalBitcoin rebounds after testing key $60,000 supportgulfbusiness.com
