Bitcoin surges back above $65,000 after $700 million wipeout in Asia whipsaw

Market Intelligence Analysis

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Why This Matters

Bitcoin experienced a significant price drop to $60,033, but quickly rebounded to above $65,000, indicating a volatile market.

Market Impact

Market impact analysis based on neutral sentiment with 70% confidence.

Sentiment
Neutral
AI Confidence
70%
Time Horizon
Short Term

Article Context

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BTC fell as much as 4.8% to around $60,033 during late U.S. hours, before snapping back to as high as $65,926.

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Original article published by CoinDesk on February 6, 2026.
Analysis and insights provided by AnalystMarkets AI.