In this video: Let's dubiously speculate on the price of #Bitcoin! Video by Benjamin Cowen.
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Bitcoin (BTC) is trading at approximately $66,954 as of February 6, 2026, staging a sharp recovery from a massive "flash crash" that saw prices briefly dip below the $60,000 psychological floor late Thursday. Despite today's 10.6% bounce, the asset remains in a "sell-the-rally" phase, having lost nearly 50% of its value since its October 2025 all-time high of $126,000.
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Bitcoin Insights Today
-Flash Crash Recovery: Bitcoin plummeted 13% on Thursday, hitting a fresh 2026 low of $60,074 before rebounding to the $67,000 range on Friday morning. This meltdown triggered over $1 billion in liquidations within 24 hours.
-Macro Pressures: Analysts attribute the recent "Crypto Winter" to several factors: the Federal Reserve's persistent high interest rates, negative ETF outflows, and a shifting correlation where Bitcoin now moves closely with the Nasdaq rather than acting as "digital gold".
-Institutional Sentiment: Despite the crash, JPMorgan recently issued a note suggesting Bitcoin is a more attractive long-term investment than gold at these levels.
-Stock Market Correlation: Crypto-linked stocks like MARA Holdings and MicroStrategy ($MSTR) are seeing double-digit percentage gains today, tracking Bitcoin's partial recovery.
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