Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, traded nearly flat against the United States Dollar (USD) on Tuesday, showing marginal daily movement after a week of sharp volatility.
As of today, 1 Bitcoin is priced at $70,370.55, reflecting a slight daily increase of $4.55, or 0.01 percent. Market participants remain cautious as Bitcoin continues to consolidate following significant price swings recorded earlier in the month.
Weekly Price Movement
Over the past seven days, Bitcoin has experienced notable fluctuations. On February 4, 2026, BTC was valued at $73,370.67, but the price dropped sharply on February 5 to $63,933.93, marking a steep single-day decline of nearly 15 percent. The cryptocurrency rebounded strongly on February 6, surging to $71,270.82, before facing renewed selling pressure over the weekend.
By February 9, Bitcoin settled at $70,365.99, and edged slightly higher today. Overall, during the past week, Bitcoin has declined by approximately $3,000, representing a drop of around 4 percent, highlighting persistent market uncertainty and profit-taking.
Monthly Trend and Market Sentiment
Looking at the broader 30-day trend, Bitcoin has seen a significant correction. On January 11, 2026, BTC was trading near $90,411.32, but has since fallen to $70,370.55, marking a monthly decline of over $20,000, or 28.48 percent.
Analysts attribute this sharp monthly decline to a combination of macroeconomic factors, tighter global monetary conditions, regulatory developments, and reduced institutional inflows into digital assets. The recent correction has also triggered increased liquidation across leveraged positions, adding to market volatility.
Market Outlook
Despite the ongoing correction, crypto market experts believe that Bitcoin could stabilize in the short term as buyers look for accumulation opportunities near key technical support levels. However, they caution that price movements are likely to remain volatile, driven by global financial trends, regulatory news, and investor sentiment.
Investors are advised to remain vigilant, adopt risk management strategies, and stay informed about market developments before making trading or investment decisions.
Disclaimer:
Cryptocurrency investments carry high risk due to extreme price volatility. The information provided is for general awareness only and should not be considered financial advice. Always conduct your own research or consult a qualified financial advisor before investing.