On the night of Feb. 6, the value of bitcoin briefly approached $60,000 for the first time since October 2024

The crypto market is in a "phase of despair". Why does one strategist believe bitcoin will fall to zero?

Amazon.com, Inc.

Roblox Corporation

The Boeing Company

Oil stabilized amid expectations of US-Iran talks, which reduced geopolitical risks and weakened the price premium. Bitcoin hit a 16-month low amid a sell-off in technology stocks and investors' risk aversion. These and other topics - in our review of key events for the morning of February 6.

The main thing for the morning: oil stabilized, bitcoin updated the minimum for 16 months

Strategy Inc

Strategy, the largest corporate bitcoin holder, posted a quarterly loss of $12.4 billion

Bitcoin rebounded from the $60,000 level after collapsing 50% from its October peak

Alphabet Inc.

Investors continued to exit risk assets on Thursday, February 5. This led to capital outflow from technology stocks and cryptocurrencies. Additional pressure on the market was exerted by macro data: unemployment in the U.S. was higher than expected. The S&amp;P 500 fell below the values of early January for the first time this year, CNBC <a href="https://www.cnbc.com/2026/02/04/stock-market-today-live-updates.html">noted</a>. And the Nasdaq 100 experienced the worst three-day decline since April, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-02-04/asian-stocks-to-fall-as-tech-led-drop-gains-pace-markets-wrap">writes</a>.

Nasdaq suffered its strongest three-day collapse since April, bitcoin fell in price to $63,000

Michael Burry warns that bitcoin's prolonged fall could unravel a "death spiral" that will lead to huge losses

Bitcoin has fallen below $70,000. An investor from the "Downgrade Game" - on how dangerous it is

Bitcoin continued its decline in trading on February 5 and approached the key $70,000 mark. During the Asian trading session, the cryptocurrency fell more than 3% to $70,052.38, reaching its lowest level since November 2024, Reuters <a href="https://www.reuters.com/business/bitcoin-slumps-with-key-70000-level-sight-2026-02-05/">writes</a>. Over the past 24 hours, <a href="https://coinmarketcap.com/currencies/bitcoin/">follows</a> data from platform Coinmarketcap, the world's largest cryptocurrency has lost about 6% and is trading at $71,500 at the time of publication.

Bitcoin has fallen to its lowest level since November 2024. The market is waiting for an even bigger fall

In less than a week, the cryptocurrency market lost $467.6 billion - bitcoin fell the most, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-02-04/bitcoin-led-crypto-rout-erases-nearly-half-a-trillion-in-a-week">reported</a>. Expectations that bitcoin would become "digital gold" after US President Donald Trump promised to ease regulation have not materialized. But further liberalization of the market carries a new threat. Nouriel Roubini, professor emeritus at New York University's Stern School of Business, writes about this in a piece for Project Syndicate.

Nouriel Roubini warns of a new risk maturing in the cryptocurrency market

Robinhood Markets, Inc.

Shares of Robinhood Markets, the operator of a popular platform for trading on the stock and cryptocurrency markets, plunged nearly 10% on February 2, posting the worst performance in the S&amp;P 500. The company's securities are pressured by the bitcoin sell-off, as well as the end of the American soccer season, significant for the prediction market, where Robinhood is building a presence. At the same time, Piper Sandler analysts see drivers in the long term: changes in the U.S. legislation in the field of cryptocurrencies and the upcoming World Cup.

Robinhood stock has been the worst performer in the S&amp;P 500 index. What's going on with the company?

Gold and bitcoin set anti-records on February 2, falling to levels of $4621 and $74,592 respectively. By evening, the decline slowed down. Alexei Tretyakov, a manager with 25 years of experience in the financial market and author of the Telegram channel <a href="https://web.telegram.org/k/#@warwisdom">War, Wealth &amp; Wisdom</a>, believes that what is happening is a reason for holders of stablecoins to think.

The synchronized fall of gold and bitcoin: why it matters for stablecoin

The market was supported by good data on manufacturing activity

Stocks in the U.S. returned to growth after a series of declines. Gold slowed down

Gold prices have become more volatile than bitcoin quotes, Bloomberg has <a href="https://www.bloomberg.com/news/articles/2026-02-02/gold-volatility-tops-bitcoin-in-wildest-price-swings-since-2008">calculated</a>. According to the agency, the 30-day volatility of gold exceeded 44% - this has not happened since the 2008 crisis, notes Bloomberg, emphasizing that - for comparison - bitcoin volatility for the same period was about 39%.

Gold's volatility has surpassed bitcoin. It is at its highest since 2008

Gold and silver on February 2 continue the large-scale sell-off that began last week. The correction has spilled over to bitcoin, which hit a ten-month low. Financier Sergey Romanchuk writes in his <a href="https://web.telegram.org/k/#@sergey_romanchuk">Telegram channel</a> that bitcoin was once positioned by the cryptocommunity as digital gold, but in the end, gold became a substitute for cryptocurrencies. We publish his post without bills.