Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Your day-ahead look for Feb. 6, 2026
Bitcoin’s path to recovery encounters turbulent conditions. (Pixabay modified by CoinDesk)
What to know:
You are reading Crypto Daybook Americas, your morning summary of recent developments in the cryptocurrency markets overnight and what to anticipate in the day ahead. Crypto Daybook Americas will provide you with in-depth insights to begin your morning. If you’re not already subscribed to the email, click here. You will not want to miss it.
By Omkar Godbole (All times ET unless specified otherwise)
Cryptocurrency markets on Friday are showing a significant uptick, recovering from the previous day’s severe declines in a typical oversold rebound. However, substantial risks remain, posing a threat to any sustainable recovery.
STORY CONTINUES BELOWDon’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersSign me up
Bitcoin has risen to $65,000 after briefly dipping below $60,000, with activity surrounding the BlackRock ETF suggesting capitulation, indicating that long-term holders are selling at a loss, often a final sign of a bear market. The overall market has improved as well, with XRP, SOL, ETH, and other cryptocurrencies regaining stability, while the CoinDesk 20 Index has increased nearly 9% since midnight UTC.
Nevertheless, demand for put options on Bitcoin remains strong, reflecting ongoing concerns about downside risks. This is logical for several reasons: First, macroeconomic risks have lessened but are not entirely eliminated. President Donald Trump signed a funding bill on Tuesday to resolve the government shutdown, yet the Department of Homeland Security’s funds will be depleted in eight days, indicating that another crisis could arise by February 14.
Additionally, oil prices remain elevated on both sides of the Atlantic due to fears that tensions between Iran and the U.S. could escalate. A surge in this area could exacerbate global inflation, prompting a movement toward safer assets and negatively impacting risk assets like cryptocurrencies.
Crucially, the recent downturn has left many holders and digital asset treasuries in a precarious position. Many of these may capitulate, becoming marginal sellers in the market and potentially limiting any rallies. Furthermore, confidence typically rebuilds slowly following a crash, which is why swift recoveries are often gradual.
All these factors combined suggest that the market may still face challenges ahead. Remain vigilant!
Read more: For an analysis of today’s movements in altcoins and derivatives, see Crypto Markets Today
Related Posts
What to Watch
For a more detailed list of events this week, refer to CoinDesk’s “Crypto Week Ahead.”
- Crypto
- Feb. 6, 12 p.m.: Stellar will conduct a 2025 Year in Review Webinar on X.
- Macro
- Feb. 6, 8:30 a.m.: Canada unemployment rate for January (Prev. 6.8%)
- Feb. 6, 10 a.m.: Canada Ivey PMI index for January (Prev. 51.9)
- Feb. 6, 10 a.m.: U.S. Michigan Consumer Sentiment preliminary for February (Prev. 56.4); Michigan inflation expectations (Prev. 4%)
- Earnings (Estimates based on FactSet data)
- Nothing scheduled.
Token Events
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”
- Governance votes & calls
- Feb. 6: Chainlink will host an X Spaces session on “Building with the Chainlink Runtime Environment.”
- Unlocks
- Feb. 6: Hyperliquid will unlock 2.79% of its circulating supply valued at $287.68 million.
- Feb. 6: will unlock 41.7% of its circulating supply worth $26.87 million.
- Token Launches
- Feb. 6: MOVA (MOVA) will be listed on LBank, BingX, KuCoin, MEXC, and others.
Conferences
For a more detailed list of events this week, see CoinDesk’s “Crypto Week Ahead.”
- Day 2 of 2: Digital Assets Forum (London)
Market Movements
- BTC is up 4.55% from 4 p.m. ET Thursday at $66,022.00 (24hrs: -6.74%)
- ETH is up 4.14% at $1,924.90 (24hrs: -7.3%)
- CoinDesk 20 is up 4.75% at 1,905.03 (24hrs: -7.49%)
- Ether CESR Composite Staking Rate is up 39 bps at 3.48%
- BTC funding rate is at -0.0142% (-15.5862% annualized) on Binance
- DXY is stable at 97.81
- Gold futures are down 0.19% at $4,880.30
- Silver futures are down 4.39% at $73.35
- Nikkei 225 finished up 0.81% at 54,253.68
- Hang Seng closed down 1.21% at 26,559.95
- FTSE is up 0.01% at 10,309.76
- Euro Stoxx 50 is up 0.27% at 5,941.80
- DJIA closed on Thursday down 1.20% at 48,908.72
- S&P 500 closed down 1.23% at 6,798.40
- Nasdaq Composite closed down 1.59% at 22,540.59
- S&P/TSX Composite closed down 1.77% at 31,994.60
- S&P 40 Latin America closed down 1.01% at 3,616.07
- U.S. 10-Year Treasury yield is down 1.8 bps at 4.192%
- E-mini S&P 500 futures are up 0.3% at
