Bitcoin rises after brutal week of selling

Dow Jones

02/06

MW Bitcoin rises after brutal week of selling

By Barbara Kollmeyer

Bitcoin has suffered a brutal selloff this week.

The price of bitcoin pushed higher on Friday, after a dramatic week of trading that dragged it to a level not seen in more than a year.

Bitcoin (BTCUSD) was up nearly 3% at $65,441, after tumbling on Thursday to as low as $60,057 at one point.

The 13% decline on Thursday through 4 p.m., was the cryptocurrency's worst since June 13, 2022, according to Dow Jones Market Data.

The No. 1 cryptocurrency has dropped around 22% this week and is down roughly 48% from a record intraday high of $126,272.76 reached Oct. 6.

"Beleaguered investors will be asking if that was it, after a plunge that has seen the price of bitcoin halve since the October highs," said Chris Beauchamp, chief market analyst at IG, in a note to clients.

"Despite all the commentary around bitcoin's apparent demise, this selloff still pales in comparison with previous crypto winters. While the arguments for why it is past its peak are strong, history suggests it has plentiful powers of recuperation," he said.

Read: Bitcoin's latest selloff is shattering many of its most enduring myths

Bitcoin's struggles come as equity markets have been roiled by AI worries hitting software stocks and metals markets have also been on a roller coaster. Some investor have pointed to President Donald Trump's decision to nominate Kevin Warsh as the next chair of the Federal Reserve for intensifying bitcoin's decline.

-Barbara Kollmeyer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 06, 2026 05:05 ET (10:05 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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While the arguments for why it is past its peak are strong, history suggests it has plentiful powers of recuperation,\" he said. \n</p>\n<p>\n     Read: Bitcoin's latest selloff is shattering many of its most enduring myths \n</p>\n<p>\n     Bitcoin's struggles come as equity markets have been roiled by AI worries hitting software stocks and metals markets have also been on a roller coaster. Some investor have pointed to President Donald Trump's decision to nominate Kevin Warsh as the next chair of the Federal Reserve for intensifying bitcoin's decline. \n</p>\n<p>\n     -Barbara Kollmeyer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 05:05 ET (10:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTC","symbol_name":"Grayscale Bitcoin Mini Trust","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609613955","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609613955","pubTimestamp":1770372300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bitcoin has suffered a brutal selloff this week.The price of bitcoin pushed higher on Friday, after a dramatic week of trading that dragged it to a level not seen in more than a year.Bitcoin  was up nearly 3% at $65,441, after tumbling on Thursday to as low as $60,057 at one point.The 13% decline on Thursday through 4 p.m., was the cryptocurrency's worst since June 13, 2022, according to Dow Jones Market Data.The No. 1 cryptocurrency has dropped around 22% this week and is down roughly 48% from a record intraday high of $126,272.76 reached Oct. 6.\"Beleaguered investors will be asking if that was it, after a plunge that has seen the price of bitcoin halve since the October highs,\" said Chris Beauchamp, chief market analyst at IG, in a note to clients.\"Despite all the commentary around bitcoin's apparent demise, this selloff still pales in comparison with previous crypto winters. 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While the arguments for why it is past its peak are strong, history suggests it has plentiful powers of recuperation,\" he said. \n\n\n     Read: Bitcoin's latest selloff is shattering many of its most enduring myths \n\n\n     Bitcoin's struggles come as equity markets have been roiled by AI worries hitting software stocks and metals markets have also been on a roller coaster. Some investor have pointed to President Donald Trump's decision to nominate Kevin Warsh as the next chair of the Federal Reserve for intensifying bitcoin's decline. \n\n\n     -Barbara Kollmeyer \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2026 05:05 ET (10:05 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}