Bitcoin experienced significant volatility during a tumultuous trading session in the Asian market on Friday (February 6); prior selling had dragged the token to a level retracing more than 50% from its October peak.

Bitcoin plunged as much as 4.8% in early Asian trading on Friday, hitting a new low of $60,033, before rebounding to as high as $65,926.

Other tokens also saw sharp declines followed by rapid recoveries. Solana plummeted over 14% at one point but fully recovered its losses within hours.

Since a series of severe liquidations in October eroded market confidence, cryptocurrencies have remained volatile. This week, selling intensified amid the unwinding of leveraged bets and broader market turbulence.

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