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Bitcoin rises above $70,000, extending bounce from Thursday's crash
Strategy, MARA Holdings and Galaxy Digital are among crypto-related stocks posting double-digit percentage gains early Friday.
Updated Feb 6, 2026, 5:39 p.m. Published Feb 6, 2026, 3:18 p.m.
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What to know:
- Bitcoin extended its overnight bounce in U.S. morning trading on Friday, rising past $70,000 after touching $60,000 late Thursday.
- Strategy (MSTR), MARA Holdings (MARA) and Galaxy Digital (GLXY) are among a group of crypto-related stocks with double-digit percentage gains.
- Michael Saylor's commitment to addressing the Quantum Computing threat has some saying bitcoin might have bottomed.
Crypto markets are adding to overnight gains in U.S. morning trade on Friday, with bitcoin climbing above $68,000, up nearly 17% since hitting $60,000 late yesterday.
Bitcoin is now higher by 2.5% over the past 24 hours. Ether is up 2.2% and solana 2%. Outperforming is XRP , which has climbed to $1.50, now higher by 17% over the last day.
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Crypto-related stocks are seeing major upside moves Friday after plunging in the previous session.
Strategy (MSTR) — which reported a $14.2 billion fourth-quarter loss late Thursdy — is higher by 14%, though at $122, still lower by 22% year-to-date. Galaxy Digital (GLXY) is up 15% and bitcoin miner MARA Holdings (MARA) is up 12%.
Underperforming on Friday is bitcoin miner-turned AI infrastructure provider IREN (IREN), down 1.8% after disappointing earnings results Thursday night.
Saylor gets serious about Quantum
Those looking for bottom signals are pointing to last night's Strategy earnings call in which Michael Saylor pledged a commitment to leading a Bitcoin security program that will address the quantum threat.
Some in crypto have argued that bitcoin's security model faces a serious threat from quantum computing — a threat so imminent that many investors are either selling or refusing to allocate to bitcoin at all.
"Saylor’s announcement tells me prices have finally gotten the Bitcoin community to acknowledge and address quantum risk," wrote Quinn Thompson.
Poised for technical bounce
Paul Howard, director at crypto trading firm Wincent, noted that bitcoin is now back at price levels last seen 14 months ago with key momentum indicator RSI flashing deeply oversold conditions. He added that trading volumes in BTC and ETH have surged to their highest in over two years. That technical setup that often invites at least a short-term bounce.
"It would be odd if we did not see at least some short term reversion here," he said.
Updated (14:55 UTC): Adds price of bitocin rising past $70,000.
