Bitcoin Bounces to $78,768, Ethereum Recovers as Market Finds Temporary Relief
Bitcoin is rebounding slightly this Tuesday, February 3, reaching $78,768, a gain of 2.4% on the day. Ethereum follows the move to $2,345, up 3.3%. Despite this uptick, the week remains negative with a 10.8% decline for Bitcoin. This technical bounce comes after three days of intense selling, offering some respite to investors. The renewed optimism appears linked to a stabilization in traditional markets. U.S. 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 benefiting from this move to regain the $2,300 level, an important psychological threshold. 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 simply a bear trap. Investors will be closely watching this week’s macroeconomic data, particularly U.S. employment figures, which could influence the market’s direction.
