Crypto Market Update – Feb 7, 2026

Bitcoin (BTC) rebounds after yesterday’s crash near $60K, now trading around $70,000.

Ethereum (ETH) shows cautious recovery, tracking BTC momentum.

Altcoins mixed: some follow BTC upward, others remain flat.

Yesterday’s dip triggered $2.7B in liquidations, shaking out leveraged traders.
WLFI sold off $50M BTC, raising questions about institutional confidence.
⚖️ U.S. Treasury confirms no bailout authority for Bitcoin — crypto remains independent.

Key level to watch: $70K support. Can BTC hold the line or is this just a relief rally?