Bitcoin is slightly rebounding this Tuesday, February 3, reaching $78,768, up 2.4% on the day. Ethereum follows the move to $2,345, gaining 3.3%. Despite this uptick, the week remains in the red with a 10.8% decline for Bitcoin. This technical rebound comes after three days of intense selling, offering investors a brief respite.
This renewed optimism appears linked to a stabilization in traditional markets. US stock indices opened higher, temporarily easing recession fears. For Bitcoin, the return above $78,000 is an encouraging sign, but the path to $80,000 remains fraught with obstacles. Ethereum, meanwhile, is capitalizing on this movement to reclaim the $2,300 threshold, an important psychological level.
This rebound shows that the market is not yet in full panic mode. Buyers are present, but their caution is palpable. Volatility remains high, and the coming days will be crucial to confirm whether this move is sustainable or merely a bear trap. Investors will closely watch this week’s macroeconomic data, particularly US employment figures, which could influence the market’s direction.
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