The price of Bitcoin (BTC) against the US dollar (USD) continued its downward trend on Thursday, reflecting ongoing volatility in the global cryptocurrency market.
As of today, 1 Bitcoin is valued at $67,152.94, marking a daily decline of $244.78, or 0.36%, compared to Wednesday’s closing rate. Market analysts attribute the recent fluctuations to profit-taking, changing investor sentiment, and global macroeconomic uncertainties.
Weekly Performance of Bitcoin
Over the past seven days, Bitcoin has recorded notable price swings. The cryptocurrency started the week on a stronger note but gradually lost momentum, facing selling pressure throughout the period.
On February 6, 2026, Bitcoin was trading at $71,270.82, after posting a significant daily gain of over 10%. However, subsequent sessions saw alternating gains and losses, eventually pulling the price down to $67,152.94 on February 12.
Overall, the weekly change shows a decline of $4,117.88, indicating a moderate bearish trend in the short term.
Monthly Trend Signals Strong Correction
Bitcoin’s monthly performance highlights a sharp correction. On January 13, 2026, BTC was priced at $95,756.27, reflecting strong bullish momentum earlier in the year. Since then, the digital asset has shed substantial value.
Over the last 30 days, Bitcoin has fallen by $28,603.33, representing a steep drop of 42.59%, underscoring the heightened volatility and investor caution in the crypto market.
Market Outlook
Cryptocurrency experts suggest that Bitcoin’s near-term direction will largely depend on global economic indicators, interest rate expectations, regulatory developments, and institutional investment flows. While short-term pressure remains, long-term investors continue to view price corrections as potential buying opportunities.
Investors are advised to stay updated with market trends and exercise caution due to the high-risk nature of cryptocurrency investments.