Have you ever woken up, checked your phone, and felt like the floor just fell out from under your feet? That is exactly what thousands of investors are feeling this Friday, February 6, 2026. If you are looking at the bitcoin price today and wondering if your screen is broken, I have some news for you. It isn't a glitch. The BTC price has taken a massive dive, and the "digital gold" narrative is looking a bit tarnished lately.
We are seeing Bitcoin price usd levels that haven't been touched in over fifteen months. Just yesterday, Thursday, February 5, was a total bloodbath. Bitcoin fell below $70,000, then $65,000, and today we are staring at BTC USD hovering around $61,462. Why is this happening? Why is crypto crashing when everyone said it was going to the moon?
The Numbers of the "Crypto Crunch" 2026
Let's look at the carnage. It is not just a little dip. This is an "explosion" of red on the charts. Since October 6, 2025, when bitcoin hit its record high of $126,210.50, it has lost nearly half its value. Think about that. In four months, the most famous cryptocurrency has been cut in half.
Crypto Market Snapshot (February 6, 2026)
| Asset | Current Price (USD) | 24h Change | % From All-Time High |
| Bitcoin (BTC) | $61,462 | -22.2% | -51.3% |
| Ethereum (ETH) | $1,888 | -11.0% | -62.0% |
| XRP | $0.48 | -22.0% | -85.0% |
| Solana (SOL) | $112 | -15.0% | -55.0% |
Why is Bitcoin Dropping? The Perfect Storm
You might be asking, "Why is Bitcoin dropping so hard?" Well, it is not just one thing. It is a mix of international politics, shaky supply chains, and a massive shift in how big money moves around the world.
1. Geopolitical Tensions and the "Safe Haven" Fail
When international conflicts flare up, like the recent tensions in the Middle East, people usually run to safe assets. For a long time, the "crypto bros" said BTC was "digital gold." But guess what? While the bitcoin price was tanking, real gold was pushing toward $5,000 an ounce. Investors are choosing the shiny metal over the digital code. This "risk-off" mood is a killer for crypto.
2. The AI Rotation
There is a massive shift in the labor market and foreign investment. Capital is rotating toward artificial intelligence. Money that used to flow into BTC USD is now being dumped into AI data centers and tech stocks. Even bitcoin miners are switching their hardware to run AI models because it is more profitable.
3. Policy Uncertainty in Washington
Despite the administration's vocal support for crypto, the actual laws aren't moving. A big bill to regulate stablecoins is stuck in Congress. Banks are fighting it because they don't want cryptocurrency trading platforms acting like traditional banks. This regulatory "fog" is making big institutions nervous, and when they get nervous, they sell.
The "Big Short" and the MicroStrategy Risk
One of the scariest things about this crypto news is the "leverage" in the system. Companies like MicroStrategy (now called Strategy) have bought over 700,000 bitcoin. Their average purchase price is above $76,000. Do the math. They are "underwater" on their investment. If the BTC price usd stays this low, they might be forced to sell to pay off their debts. That would be a "liquidation cascade" that could push the bitcoin price even lower.
"There is no organic use case reason for Bitcoin to slow or stop its descent," warned Michael Burry recently on Substack.
Frequently Asked Questions (FAQ)
Why is crypto crashing today?
It is a mix of investors pulling out of speculative assets, concerns about international trade tariffs, and a massive liquidation of "long" positions (traders betting the price would go up).
What is the bitcoin price today?
As of February 6, 2026, the bitcoin price usd is around $61,462, down significantly from its 2025 highs.
Should I sell my btc now?
That depends on your "stomach." Some analysts think $58,000 is the bottom, while others like Barry Bannister from Stifel think we could see $38,000 before the year is over.
Is Bitcoin still "digital gold"?
Currently, the market says no. It is behaving more like a high-risk tech stock than a stable store of value like gold or silver.
The Broader Economic Impact
We can't talk about Bitcoin news without looking at the big picture. Economic growth is slowing down globally. Economic sanctions and aggressive trade policies are rattling supply chains. When the global economics get messy, speculative assets like crypto bitcoin are the first things to get sold so people can cover their losses elsewhere.
Foreign Investment: Large institutional buyers are becoming "net sellers" for the first time in years.
International Trade: The uncertainty around tariffs is making the US dollar stronger, which usually makes btc price usd go down.
Macroeconomics: High interest rates are staying longer than expected, which sucks the "cheap money" out of the crypto market.
Main Points to Remember
BTC is at a 15-month low: We have officially erased all the gains from the 2024-2025 "Trump pump."
Correlation with Tech: Bitcoin is moving in lockstep with the Nasdaq and AI stocks.
Leverage is the enemy: Over $5 billion in leveraged positions were wiped out in just 72 hours.
No Safety Net: There are no "bailouts" coming for cryptocurrency holders.
Gold is Winning: The "digital gold" narrative has failed its biggest test in 2026.
Conclusion: Is This the End of the Line?
So, is Bitcoin dead? Probably not. We have seen these "crypto winters" before. But this one feels different because the world is different. We have international conflicts, a rotation into AI, and a global economic reset happening all at once.
Whether you are a "HODLer" or a day trader, you need to keep a close eye on the geopolitical tensions and the crypto news. The days of "easy money" and predictable growth might be over for a while. It is a wild ride, and if you can't handle the heat, it might be time to step out of the kitchen.
"Contact us via the web."
Source Links
Bitcoin loses half its value in three months amid crypto crunch - The Guardian. Why this crypto winter feels worse than ever - Economic Times
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