Bitcoin’s price has seen a significant rebound following a recent sharp sell-off, temporarily surpassing the $71,000 mark. In the past 24 hours, the cryptocurrency gained nearly $11,000 after previously dipping to the lower $60,000 range. This surge began after Bitcoin had broken key psychological support levels a few days earlier. Global financial markets experienced volatility recently, with stock markets declining amid investor retreat from riskier assets due to uncertainty. Weak performance and disappointing earnings reports in the technology sector further pressured markets, prompting investors to seek safer investments.
Bitcoin’s price had fallen approximately 40% from its all-time high of $126,000 in October 2025, highlighting the severity of the recent downturn. During the price decline, over $1 billion in positions were liquidated automatically, particularly long positions triggered by the breach of key support levels. However, on Friday, Bitcoin rallied with a nearly 15% recovery, climbing above $70,000. Crypto-related stocks also posted gains, notably MicroStrategy, Coinbase, Circle, and Robinhood, while shares of associated companies such as Mara Holdings, Terra Wolf, Riot Platforms, and Cipher Mining also rose.
Meanwhile, the iShares Bitcoin Trust, managed by BlackRock, set a new record for daily trading volume with over $10 billion in shares exchanged, despite a 13% price drop—the fund’s second-worst daily loss on record. Bitcoin is currently trading around $70,661, with investors anticipating further price fluctuations.
Source: bitcoinmagazine
