Bitcoin price rebounds above $70,000 after violent crypto selloff rattles Wall Street
New York, February 6, 2026, 13:40 EST — Regular session underway
Bitcoin surged past $70,000 on Friday, jumping nearly 7% after fluctuating between roughly $60,300 and $71,345. Ether also climbed, gaining around 6.5%. Crypto-related U.S. stocks followed suit: Coinbase rose about 10%, while Strategy soared approximately 23%.
The rebound took the edge off after a sharp drop this week, but bitcoin still looked set for its steepest weekly fall since late 2022. According to CoinGecko, the global crypto market has lost roughly $2 trillion since hitting its peak in early October. Deutsche Bank analysts pointed out that U.S. spot bitcoin ETFs — those holding actual bitcoin — saw net outflows exceeding $3 billion in…
