Bitcoin dropped to $60,000 on February 6, marking its lowest point in over a year, with many altcoins experiencing daily declines of 20-30%. The overall asset class has not shown significant recovery, remaining far from Q4 2025 peaks.
Although bitcoin and most altcoins have recovered from the massive losses charted at the end of the previous business week, the past seven days weren’t exactly positive for the asset class, as it remains miles from the Q4 2025 peaks.
Before we examine the developments that took place in the past week, let’s quickly recap the latest crash that culminated on February 6 when BTC plunged to $60,000 for the first time in well over a year. Many altcoins collapsed by 20-30% daily, reaching new local lows.
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