#Bitcoin BTC Price News & Insights Today 8-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin (BTC) is trading at approximately $70,248 as of February 8, 2026, marking a recovery after a highly volatile week that saw prices briefly plunge toward $60,000. While the asset is up roughly 3% in the last 24 hours, it remains significantly down—about 44%—from its all-time high of $126,210 reached in October 2025.
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Bitcoin Insights Today
-Institutional "Dip Buying": Despite recent "panic" selling, institutional investors are reportedly viewing sub-$70,000 price levels as a major entry opportunity. Some analysts suggest that large-scale allocations are gradually rising as the phase of long-term holder capitulation ends.
-The Bithumb "Blunder": A significant market shock occurred this week when the South Korean exchange Bithumb mistakenly distributed $44 billion worth of Bitcoin (roughly 620,000 BTC) to users during a promotion. While 99.7% has been recovered, the error triggered intense short-term price volatility.
-Macroeconomic Pressure: Market sentiment remains fragile due to a "bearish bias" in the broader crypto market. Factors such as a potential shift to tighter U.S. Federal Reserve policy under a new chair and concerns over an "overheated" tech sector have pressured risky assets including Bitcoin.
-Prediction Markets: Current data from prediction platforms show a 96% probability of Bitcoin maintaining a price above $68,000 today, with a majority of traders targeting a return to $75,000 by the end of February 2026.
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