Bitcoin stabilizes after a volatile week
Istanbul, February 9 (Hibya) – Bitcoin stabilized above $70,000 on Monday following sharp fluctuations seen over the weekend.
Bitcoin exchange-traded funds in the United States recorded significant inflows, as investors stepped in after the recent market downturn, leading to a temporary improvement in market sentiment. Still, investors remain cautious, and analysts note that uncertainty persists over whether the worst is behind the market.
Last week, Bitcoin fell as low as $60,033, wiping out all price gains made since the election of U.S. President Donald Trump and marking its lowest level since October 2024.
The decline in the cryptocurrency, also seen across other digital assets, coincides with investor concerns over excessively high valuations of technology companies and uncertainty surrounding the timing of interest rate cuts by the U.S. Federal Reserve.
Analysts also point out that Bitcoin’s average market depth has dropped sharply since October 2025, emphasizing that declining liquidity poses a serious risk.
British News Agency