Market · February 6, 2026
Bitcoin crashes ~52% to ~$60,000; bear market confirmed
Price at event
$70,536
Today
$73,525
Since then
×1.0
Bitcoin fell to roughly $60,000 — a ~52% drawdown from its October 2025 record — as a tech-stock rout, unwinding leverage, and record ETF outflows converged. The trigger was macro, not crypto: Trump's nomination of Kevin Warsh as Fed chair gutted rate-cut odds and repriced risk. Price broke its 365-day moving average for the first time since 2022, and analysts pronounced a full bear market.
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