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Navigating BTC's 15% Weekly Plunge: Key Facts & Strategies!
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Bitcoin update for Feb 6: After a 15% weekly tumble to $60,008âbriefly erasing all post-Trump gainsâBTC recovered 3% to $65,000. Market cap: $1.26T; 24h change: +3%; but YTD -30%. News ties this to tech volatility, precious metals dips, and $500B crypto wipeout. Analysis: 200-day MA at $58-60K acts as support; breaches could eye $40K. Yet, Bitcoin's correlation with shares (beta >1) means magnified movesâupside too. Adding value: Use dips for accumulation; history post-halving shows rebounds. Binance empowers you: Leverage up to 125x on futures, or secure holdings in Wallet. Educate, adapt, thrive!
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BTC
69,044.64
+4.71%