Bitcoin price rallied on Friday after a steep sell-off over the previous 24 hours, briefly climbing above $71,000, a jump of $11,000 from a low of $60,000 earlier in the 24-hour session.
The move came after several turbulent market sessions in which the flagship cryptocurrency broke key psychological support levels in a matter of hours. On Thursday, February 5, the price of Bitcoin fell as global financial markets worsened, with major stock indexes falling sharply and pushing investors out of riskier assets.
The sudden downturn was linked to broader macroeconomic stress, including weak earnings reports and steep declines in technology stocks, intensifying a flight to safety among traders.
Data collected on Thursday showed Bitcoin’s value fell to its lowest since late 2024, signaling growing bearish sentiment among market participants.
The digital asset had retreated more than 40% from its all-time high above $126,000 reached in October 2025, underscoring the severity of the downturn.
As the bitcoin price collapsed yesterday, forced liquidations surged with over $1 billion in positions wiped out over the past 24 hours, mostly long bets that faced automatic closures as BTC broke key levels.
Crypto stocks rise as Bitcoin price reverses
Despite Thursday’s losses, Bitcoin’s price recovery on Friday saw prices rise from the $60,000 region back above the $70,000 mark, reflecting a nearly 15% recovery from intraday lows.
Crypto-related stocks also saw massive gains. Strategy ($MSTR) shares rose 21% on the day, while Coinbase ($COIN) and Circle ($CRCL) and Robinhood ($HOOD) shares all jumped 10-15%
Bitcoin-related stocks also posted strong gains, led by MARA Holdings ( MARA ), which rose 21.03% to $8.14, and TeraWulf ( WULF ), up 19.55% to $14.25. Riot Platforms (RIOT) rose 16.54% to $14.05, while Cipher Mining (CIFR) added 15.47% to $14.66.
Bitmine Immersion Technologies (BMNR) rose 15.43% to $20.08 and Core Scientific (CORZ) rose 10.43% to $16.36. Neptune Digital Assets (NDA) also advanced, rising 11.43% to $0.78
During the fall, the iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF managed by BlackRock that lets investors gain exposure to Bitcoin without holding the crypto directly, broke its daily volume record with shares traded for about $10 billion — even as the price fell 13%, marking the second-worst one-day drop since the fund’s launch.
Currently, bitcoin is trading at $70,661.