{"id":50348,"date":"2026-02-06T12:26:02","date_gmt":"2026-02-06T17:26:02","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=50348"},"modified":"2026-02-06T12:37:15","modified_gmt":"2026-02-06T17:37:15","slug":"bitcoin-price-roars-above-71000","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-roars-above-71000","title":{"rendered":"Bitcoin Price Roars Above $71,000 After Days of Sell-Offs"},"content":{"rendered":"
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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\n\n\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. <\/p>\n\n\n\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. <\/p>\n\n\n\n

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

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

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

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

\"bitcoin<\/figure>\n","protected":false},"excerpt":{"rendered":"

The bitcoin price rebounded above $71,000 today after days of large-scale selling.<\/p>\n","protected":false},"author":3817,"featured_media":50350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[76,132,1343,6090],"class_list":{"0":"post-50348","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-bitcoin-price","10":"tag-bull-bitcoin","11":"tag-market"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/02\/Bitcoin-Price-Roars-Above-70000-After-Days-of-Sell-Offs.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/50348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=50348"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/50348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/50350"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=50348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=50348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=50348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}