#Bitcoin BTC Price News & Insights Today 7-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of February 7, 2026, Bitcoin (BTC) is trading around $69,342, reflecting a 3.72% decline over the past 24 hours. This price action follows a highly volatile week where Bitcoin briefly surged back above $71,000 on Friday after hitting a local bottom near $60,074 on February 5—its lowest level since late 2024. The market is currently grappling with "Extreme Fear," as the Fear & Greed Index hit a low of 6.
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Bitcoin Insights Today
-Regulatory Developments: The U.S. Treasury is expected to implement rules for the GENIUS Act by July 2026. The Clarity Act remains a focus for institutional clarity.
-Institutional Outflows: Since October 2025, billions have been withdrawn monthly from crypto funds and ETFs, indicating a shift in institutional sentiment.
-Macro Pressures: Investor concerns are fueled by inflated tech valuations and uncertainty regarding the Federal Reserve’s path for interest rate cuts in 2026.
-Exchange News: Gemini recently announced a 25% staff reduction and is curtailing operations in Europe and Australia due to the "crypto winter".
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