The price of Bitcoin (BTC) against the US dollar (USD) remained volatile on Saturday, reflecting continued uncertainty and rapid shifts in global cryptocurrency markets.
As of today, 1 Bitcoin is trading at $69,917.25, marking a daily decline of $1,353.57 or 1.94% compared to Friday’s closing rate. Despite the modest drop, Bitcoin has shown sharp fluctuations throughout the past week, highlighting heightened speculative activity and sensitivity to macroeconomic signals.
Weekly performance overview
Over the last seven days, Bitcoin experienced significant ups and downs. On February 1, 2026, BTC was valued at $77,256.02. Prices rose briefly on February 2, reaching $78,696.06, before entering a sharp correction phase. The largest single-day decline occurred on February 5, when Bitcoin fell by $9,436.74 (14.76%), dropping to $63,933.93.
The market rebounded strongly on February 6, with Bitcoin gaining $7,336.89 (10.29%) to reach $71,270.82, but the recovery proved short-lived as prices edged lower again on Saturday.
Overall, Bitcoin lost $7,338.78 over the past week, representing a 7-day decline of nearly 9.5%, underscoring persistent volatility.
Monthly trend shows sharp correction
On a monthly basis, Bitcoin has undergone a substantial correction. On January 8, 2026, the cryptocurrency was trading at $91,092.79. Since then, prices have declined by $21,175.55, translating into a 30-day drop of 30.29%.
Market analysts attribute the steep fall to profit-taking, global regulatory concerns, tighter monetary conditions, and reduced risk appetite among investors. Despite short-term recoveries, sentiment remains cautious as traders closely monitor macroeconomic developments and regulatory updates.
Outlook
While Bitcoin continues to attract long-term investors, short-term price movements are expected to remain volatile. Experts advise investors to remain cautious, conduct thorough research, and manage risk carefully amid ongoing market uncertainty.
Disclaimer: Cryptocurrency prices are highly volatile and can change rapidly. This article is for informational purposes only and does not constitute financial or investment advice.