Bitcoin bounces 7% from lows, but crypto remains under pressure in U.S. trade
Analysis
Price Impact
MedWhile bitcoin saw a modest 7% bounce from its lows and ether also gained, both assets remain significantly down on a weekly basis (btc -10%, eth -19%). the bounce is largely attributed to a relief rally after forced deleveraging and liquidations, indicating underlying market weakness rather than a fundamental shift.
Trustworthiness
HighThe information comes from coindesk, a reputable crypto news source, and includes analysis from an investment strategist at 21shares, citing specific market mechanics like deleveraging and liquidations.
Price Direction
BearishDespite the short-term bounce, the overall sentiment remains bearish as crypto continues to be 'under pressure' in u.s. trade. crypto-related stocks are seeing 'sizable losses,' and u.s. stocks are outperforming crypto, suggesting capital rotation out of riskier crypto assets. the bounce appears to be technical in nature (covering shorts, deleveraging relief) rather than driven by strong buying demand.
Time Effect
ShortThe current bounce and ongoing pressure are discussed in the context of daily and weekly movements. forced deleveraging and liquidations are immediate market reactions, and the pressure on crypto-related stocks is also a present-day observation.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin bounces 7% from lows, but crypto remains under pressure in U.S. trade Crypto-related stocks like Robinhood, Coinbase, and Strategy continued to sport sizable losses on Monday. By Helene Braun | Edited by Stephen Alpher Feb 2, 2026, 5:05 p.m. Make us preferred on Google Modest crypto price bounce on Monday (Getty images) What to know : Bitcoin rebounded from its worst weekend levels, but still traded below $80,000 in midday U.S. action. Robinhood, Coinbase, and MicroStrategy were among a large group of crypto-related stocks that posted sizable losses. Broader U.S. stocks are on the rise again, continuing to outperform crypto. Trading just below $79,000 in midday U.S trade Monday, bitcoin BTC $ 77,528.46 has bounced from its worst weekend level below $75,000. At $78,700, BTC is higher by 2% over the past 24 hours, but still down more than 10% on a week-over-week basis. Ether ETH $ 2,276.43 is also up about 2% over the past day, but down 19% from week-ago levels. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Crypto's weekend move "broke key short-term support and stood out for its speed and depth, even by typical weekend standards,” said Adrian Fritz, chief investment strategist at 21shares. According to Fritz, the sell-off was triggered by another round of forced deleveraging, as over $2 billion in crypto derivatives were liquidated in a rapid burst. "Liquidations in perps accelerated the downside momentum, rather than discretionary spot selling,” he said. U.S. stocks traded higher on Monday, with the Nasdaq and S&P 500 each ahead 0.6% and the Dow Jones Industrial Average higher by 0.9%. While bitcoin in January closed out its fourth-consecutive month of losses, expert tradfi market analyst Ryan Detrick noted the DJIA was higher for a ninth-straight month in January. That ranks among the Dow's longest ever winning streaks, said Detrick, who reminded that future returns for stocks tend to be strong after such runs. Gold and silver are having a volatile day, but are currently down modestly after their worst one-day sell-off since 1980 on Friday. The modest bounce in crypto is having little effect on digital asset-related stocks, which remain down sharply across the board. Among them, Roinbhood (HOOD) is down 9%, Circle (CRCL) down 5%, and dCoinbase (COIN) and Strategy (MSTR) down 3%. Bitcoin News In this article ETH ETH $ 2,276.43 ◢ 4.39 %