Bitcoin briefly declined after U.S. President Donald Trump announced on Saturday that he would raise the temporary global tariff rate to 15%, before later recovering during the trading session as prices stabilized.
Bitcoin declined on Thursday, extending recent losses after hawkish signals from the January meeting minutes of the Federal Reserve increased uncertainty over the interest rate outlook.
Bitcoin declined on Monday, extending its drop after cryptocurrency markets recorded four consecutive weeks of significant losses due to uncertainty over interest rates, which increased aversion to speculative assets.
Despite Bitcoin (BTC) rebounding to the $70,000 level, an analyst from TradingShot suggested that the asset still has room to decline toward the so-called “optimal point.”
According to their estimates, sharp spikes in realized losses have historically been accompanied by short-term price rebounds, while at the same time signaling a transition of the market into a phase of deeper correction. Such rallies often occur during a bearish trend and do not necessarily indicate the formation of a final bottom.
Bitcoin traded around $66,000 on Friday, extending recent weakness and heading toward a fourth consecutive weekly decline as investors remained cautious amid broad risk-asset softness and ahead of key U.S. inflation data due later in the day.
On Thursday, U.S. stock markets showed mixed performance: the Dow Jones Industrial Average edged higher, while the S&P 500 and the Nasdaq Composite remained under pressure as investors reassessed interest rate expectations and pulled money out of fast-growing technology stocks.
Bitcoin traded nearly unchanged around the $67,000 mark during Asian hours on Thursday as investors assessed better-than-expected U.S. employment data, which reduced expectations for an imminent interest rate cut by the Federal Reserve.
This year, Bitcoin experienced strong volatility, falling to nearly $60,000 from around the $100,000 mark. Analysts explain the sharp fluctuations by a combination of market uncertainty, actions by institutional investors, and selling pressure on weekends.
Bitcoin fell below the $67,000 mark during Asian trading on Wednesday as investors await key U.S. labor market data that could affect the trajectory of Federal Reserve interest rates.
At the start of trading, Bitcoin dropped below the $67,000 mark, increasing selling pressure as tougher U.S. macroeconomic forecasts had already been priced in. Ethereum fell by 4.1% to $1,965, XRP declined by 4.3%, and BNB dropped by 4.5%.
Bitcoin traded below $70,000 during Asian hours on Tuesday, once again failing to hold recent gains after recovering from lows around $60,000, as investors remained cautious ahead of key US employment and inflation data.
The cryptocurrency Ethereum was trading at $1,935.42 at 15:30 GMT on Thursday, according to the Investing.com Index, down 10.06% on the day. This marked the most significant daily decline in the cryptocurrency’s value since October 10, 2025.
On Thursday, Bitcoin fell below the psychological level of $70,000. The cryptocurrency market was hit by a wave of negativity driven by weak demand, volatility in technology stocks, and mass position closures by traders, Bloomberg reports.
On February 5, the price of the leading cryptocurrency fell to $70,119 — its lowest level since October 2024. Ethereum followed the flagship asset, dropping to $2,079.
According to analysts, investors are now closely monitoring bitcoin’s behavior at price levels that were established before the U.S. presidential elections.
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