{"id":40925,"date":"2026-02-07T12:07:22","date_gmt":"2026-02-07T12:07:22","guid":{"rendered":"https:\/\/financialrush.com\/?p=40925"},"modified":"2026-02-07T12:07:22","modified_gmt":"2026-02-07T12:07:22","slug":"ethereum-reclaims-2k-level-bitcoin-recovery-halted-at-72k-weekend-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40925","title":{"rendered":"Ethereum Reclaims $2K Level, Bitcoin Recovery Halted at $72K: Weekend Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin’s price volatility only intensified at the end of the business week as the asset dumped to a multi-month low before it staged an impressive five-digit recovery that was stopped at $72,000.<\/p>\n

Most altcoins are well in the green on a daily scale, but the weekly charts are still painful. Nevertheless, many have bounced off the multi-year lows they posted yesterday.<\/p>\n

BTC Stopped at $72K<\/h2>\n

There’s no valid way to sugarcoat what happened in the crypto markets in the past week or so. Just last Saturday, the primary digital asset dumped from $84,000 to under $76,000 in what’s usually a highly uneventful day. Although that was a painful crash on its own, it wasn’t the end of BTC’s struggles.<\/p>\n

The asset dipped once again to under $74,000 at the beginning of the business week, but the actual calamity took place on Thursday and culminated on Friday morning.<\/p>\n

At the time, BTC plummeted<\/a> by approximately $17,000 in just over 24 hours from $77,000 to $60,000, which became its lowest price tag since before the US elections in late 2024. After liquidating<\/a> thousands of traders for billions of dollars, the move south was finally exhausted, and bitcoin actually went on the offensive<\/a> on Friday evening.<\/p>\n

The peak came at almost $72,000, which was tapped on a couple of occasions, but BTC couldn’t break through it. Just the opposite, it was stopped and driven south to $68,000, where it currently sits.<\/p>\n

Its market capitalization is down to $1.360 trillion on CG, while its dominance over the alts has slipped to 56.6%.<\/p>\n

<\/a>
BTCUSD Feb 7. Source: TradingView<\/figcaption><\/figure>\n

Alts Try to Rebound<\/h2>\n

Ethereum was among the poorest performers during the overall crash, dumping from more than $3,000 to under $2,700 in just over a week. It has bounced since then to $2,010 as of press time. SOL, BCH, XMR are also well in the green, followed by XRP, TRX, DOGE, and ADA.<\/p>\n

In contrast, the recent high-flyer HYPE has dropped by almost 5% daily and now sits below $33. PUMP and WLFI are also in the red from the larger caps.<\/p>\n

The total crypto market cap has recovered over $100 billion since its multi-year bottom on Friday morning and is up to $2.4 trillion on CG.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview Feb 7. Source: QuantifyCrypto<\/figcaption><\/figure>\n

The post Ethereum Reclaims $2K Level, Bitcoin Recovery Halted at $72K: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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