{"id":40913,"date":"2026-02-06T17:57:17","date_gmt":"2026-02-06T17:57:17","guid":{"rendered":"https:\/\/financialrush.com\/?p=40913"},"modified":"2026-02-06T17:57:17","modified_gmt":"2026-02-06T17:57:17","slug":"bitcoins-rollercoaster-ride-continues-as-btc-price-recovers-10k-in-a-day","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40913","title":{"rendered":"Bitcoin\u2019s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day"},"content":{"rendered":"

\n<\/p>\n

What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as of press time, as BTC has skyrocketed to over $71,000 just less than a day after it dipped to $60,000.<\/p>\n

The altcoins are well in the green now on a daily scale, and the total crypto market cap has increased by roughly $200 billion since its low from earlier this morning.<\/p>\n

<\/a>
BTCUSD Feb 6. Source: TradingView<\/figcaption><\/figure>\n

Bitcoin’s price chart from above paints a very clear and volatile picture. It shows that the cryptocurrency plummeted by roughly $30,000 in the span of just over a week – from last Wednesday to Friday morning.<\/p>\n

As reported earlier today, popular analysts blamed<\/a> this latest crash, in which bitcoin dropped<\/a> from $77,000 to $60,000 in about 24 hours, to emotional selling and structural change rather than broken fundamentals within BTC and the crypto market.<\/p>\n

Since then, BTC has gone on a tear. It added over $10,000 since this morning’s multi-year low, and briefly surpassed $71,000 minutes ago before it was stopped and now trades inches below it.<\/p>\n

The altcoins have produced even more impressive gains, with XRP leading the pack. Ripple’s cross-border token has soared by 19% daily to over $1.50 as of press time, while ETH has reclaimed the psychological $2,000 level.<\/p>\n

The total value of wrecked positions daily is still over $2 billion, but most of it is from longs, which happened before today’s recovery. Nevertheless, over $350 million worth of shorts have been wrecked in the past 12 hours, with BTC responsible for the lion’s share ($261 million).<\/p>\n

\"Liquidation<\/a>
Liquidation Data on CoinGlass Feb 6.<\/figcaption><\/figure>\n

 <\/p>\n

The post Bitcoin’s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as…\n","protected":false},"author":2,"featured_media":40914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-40913","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/40913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40913"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/40913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/40914"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}