Bitcoin Bounces Back After Touching $60,000

Watch on YouTube ↗  |  February 06, 2026 at 17:28  |  1:50  |  Bloomberg Markets
Speakers
Emily Nicolle — Bloomberg Crypto Reporter

Summary

Bitcoin rebounded after a sharp drop, recovering much of Thursday's crypto selloff and touching around $60,000. Emily Nicolle says the move is hard to explain, with Bitcoin unable to lock onto a safe-haven, store-of-value, or tech-correlation narrative. She notes Strategy shares also whipsawed around earnings, with losses in line and no new debt, and suggests both Bitcoin and Strategy may be finding a bottom.

  • Bitcoin fell about 13% and then rebounded roughly 10% over two days.
  • Market participants are looking for a bottom and stability after the crypto selloff.
  • Emily Nicolle says Bitcoin has not attached to any clear narrative recently.
  • Strategy shares dropped 17% before earnings and rose over 16% after.
  • Strategy earnings showed losses in line with expectations and no new debt.
  • Both Bitcoin and Strategy may be showing signs of stabilization.
Ideas
Emily Nicolle Bloomberg Crypto Reporter 1:04
Strategy may be stabilizing after earnings.
Strategy may be stabilizing after earnings that were not as bad as feared, with losses in line with expectations and no new debt created, following a 17% drop and 16% rebound, suggesting it could be finding a way out of the crypto-linked selloff.
STRATEGY MED
Emily Nicolle Bloomberg Crypto Reporter 1:36
Bitcoin may have bottomed near $60,000.
Bitcoin may have found a bottom near $60,000 after dropping about 13% and then rebounding roughly 10%, as market participants look for stability and a floor after the sharp crypto selloff.
BTC MED
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This Bloomberg Markets video, published February 06, 2026, features Emily Nicolle discussing STRATEGY, BTC. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Emily Nicolle  · Tickers: STRATEGY, BTC