A quick analysis of the "earthquake" that swept through the digital financial market as of the morning of February 7, 2026. A trading day that "stock traders" and "crypto enthusiasts" will surely talk about for a long time due to the intense volatility.
⚡ Bitcoin (BTC): A Classic "Retreat" from the $60K Abyss The market just experienced a volatile 24 hours as Bitcoin took a real rollercoaster ride. 24-hour volatility: BTC at one point plummeted to near $59,980 – its lowest level in months – before rebounding strongly to the $71,740 region. This was a massive liquidation of long positions globally. Opening price this morning (February 7): The price is currently trading around $70,580. The fact that BTC closed above $70K after the crash shows that "buy the dip" demand in the $60K region remains extremely strong. Analysis: This volatility is believed to be influenced by news regarding new appointments at the US Federal Reserve (Fed) and selling pressure from large technology stocks. BTC remains a liquidity "fortress," but market sentiment is shifting to Extreme Fear. 💎 Ethereum (ETH) and Altcoin Market Ethereum: ETH is maintaining its price above $2,060. Compared to Bitcoin, Ethereum seems to be under more significant correction pressure after losing key support levels at the beginning of February. Overall Situation: Money is tending to return to Bitcoin as a safe haven or withdraw to cash (Stablecoins) as macroeconomic volatility remains unstable. 🌏 Overall Financial Landscape Not only Crypto, but traditional financial markets are also in turmoil: Vietnamese Stock Market: The VN-Index fell sharply to 1,755 points yesterday (down more than 27 points). Losing the psychological 1,800-point mark led to continued net selling by foreign investors, putting pressure on leading stock groups. Global Gold: While risky assets are plummeting, gold is receiving significant attention as a safe haven, with forecasts suggesting it could reach new highs in 2026. Quick Advice: With a price fluctuation of nearly 20% in 24 hours, this is not the time to use high leverage. The market needs time to re-establish a new price base around the $70K mark. #SachtonyMartket #BTC #ETH #GT #ICP
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A quick analysis of the "earthquake" that swept through the digital financial market as of the morning of February 7, 2026. A trading day that "stock traders" and "crypto enthusiasts" will surely talk about for a long time due to the intense volatility.
⚡ Bitcoin (BTC): A Classic "Retreat" from the $60K Abyss
The market just experienced a volatile 24 hours as Bitcoin took a real rollercoaster ride.
24-hour volatility: BTC at one point plummeted to near $59,980 – its lowest level in months – before rebounding strongly to the $71,740 region. This was a massive liquidation of long positions globally.
Opening price this morning (February 7): The price is currently trading around $70,580. The fact that BTC closed above $70K after the crash shows that "buy the dip" demand in the $60K region remains extremely strong.
Analysis: This volatility is believed to be influenced by news regarding new appointments at the US Federal Reserve (Fed) and selling pressure from large technology stocks. BTC remains a liquidity "fortress," but market sentiment is shifting to Extreme Fear.
💎 Ethereum (ETH) and Altcoin Market
Ethereum: ETH is maintaining its price above $2,060. Compared to Bitcoin, Ethereum seems to be under more significant correction pressure after losing key support levels at the beginning of February.
Overall Situation: Money is tending to return to Bitcoin as a safe haven or withdraw to cash (Stablecoins) as macroeconomic volatility remains unstable.
🌏 Overall Financial Landscape
Not only Crypto, but traditional financial markets are also in turmoil:
Vietnamese Stock Market: The VN-Index fell sharply to 1,755 points yesterday (down more than 27 points). Losing the psychological 1,800-point mark led to continued net selling by foreign investors, putting pressure on leading stock groups.
Global Gold: While risky assets are plummeting, gold is receiving significant attention as a safe haven, with forecasts suggesting it could reach new highs in 2026.
Quick Advice: With a price fluctuation of nearly 20% in 24 hours, this is not the time to use high leverage. The market needs time to re-establish a new price base around the $70K mark.
#SachtonyMartket #BTC #ETH #GT #ICP