On Saturday, February 7, 2026, Bitcoin surprised markets by surging 12.2% to $70,524, after hitting a low of $62,854 the day before. Ethereum followed with a 13.2% gain, trading at $2,061. Despite the rebound, the week remains negative, with BTC down 16.2% over seven days. This dramatic turnaround is driven by a wave of bargain buying, often seen after brutal sell-offs. Investors, seeing Bitcoin below $65,000, seized the opportunity to accumulate, while short sellers were caught off guard, triggering a short squeeze. Volumes remained elevated but lower than the previous day, suggesting stabilization rather than a new surge. The market appears to be seeking equilibrium after the panic. For analysts, this rebound is a sign of resilience, but caution remains warranted. Bitcoin now needs to hold above $70,000 to avoid retesting $60,000. Ethereum, while recovering, remains under pressure with an 18.5% weekly loss. Investors are watching the coming days to confirm whether this rebound is sustainable or just a blip in a bearish trend.
