A surprise uptick in a key factory gauge has traders rethinking risk, while crypto watchers debate whether Bitcoin will ride a fresh wave higher or stay stuck in a drawdown.
Bitcoin’s price action over the past 24 hours has changed from outright selling pressure to a cautious rebound. After falling into the mid-$75,000 region, the cryptocurrency found support around $75,400.
February 3, 2026, 10:00 pmBitcoin slid to a year-to-date low of $74,500 on Monday, a move that wiped roughly 38% off its peak. Markets reacted sharply, and traders felt the pinch as flows out of big funds accelerated. Related Reading: Bitcoin Suppression?
February 3, 2026, 10:00 pm
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Bitcoin’s volatility spiked, and its price plummeted to fresh lows as worrying US economic conditions emerged.
After losing the $80,000 price mark, the price of Bitcoin has made several attempts to recover this level, but each one was capped by this resistance zone, which was once a key support. Interestingly, this continued bearish pressure is beginning to reflect on multiple crucial areas of the market, such as Spot trading.
Bitcoin’s on-chain fundamentals are flashing a powerful signal that hasn’t appeared since the last major bull run. Network Growth has surged to extreme levels, mirroring the same conditions seen in early 2021, just before BTC launched its historic rally toward new all-time highs.
The Nasdaq-listed insurance brokerage said an unnamed investor would contribute BTC as part of a deal that also includes an AI- and crypto-focused strategic partnership.
Bitcoin fell around 8% on Feb. 3, briefly losing the $73,000 level. A quick rebound took prices to $74,500 as of press time, dampening the intraday correction to 5.8%. The decline marks the lowest price point in the President Donald Trump administration and the weakest level since the November 2024 Presidential Election.
The market’s leading cryptocurrency, Bitcoin (BTC), slid to its lowest price level seen since November 2024 on Tuesday, falling below the $73,000 threshold. The asset dropped to around $72,900 as growing concerns about a prolonged bear market continued to weigh on investor sentiment.
A sudden drop in the Bitcoin price wiped billions from the crypto market in a matter of hours, triggering panic among traders and forcing many leveraged positions to close. While most investors focused on the losses, a billionaire entrepreneur took a very different view, calling the crash a gift rather than a setback.
Bitcoin fell under $73,000 as futures liquidations soared and worries over this week’s US corporate earnings triggered a stock sell-off.
$75,813.00 -3.82%
$1.52T Market Cap
$73.75B Total Volume (4.86%)
$126,080 All Time High -39.87%
until new daily candle
BTC Journal