Risk-Off Eases Slightly, Bitcoin Attempts Rebound
Bitcoin began to stabilize in European trading on Monday (February 2nd) after experiencing sharp pressure and approaching its lowest level since Donald Trump returned to the White House. Following a major sell-off over the weekend, some market participants believe that "overextended positions" have been largely cleared—creating room for a rebound, although volatility remains high.
The latest Bitcoin price is currently around $77,586, with a daily range of $74,609–$78,774. This movement indicates the market remains sensitive: it was briefly pushed to the $74,000 area, but there were attempts to hold above that zone.
Recent crypto pressure has been linked to the current global risk-off sentiment, especially after the sharp falls in gold and silver. In crypto, sell-offs are typically exacerbated by leverage: when prices drop rapidly, many bullish positions are forced to close. In the circulating narrative, liquidation data from CoinGlass has also drawn attention because it illustrates the extent of leveraged positions being wiped out in a short period of time.
Altcoins are also moving, but they remain fragile. Ethereum (ETH) is now around $2,277 (daily range $2,163–$2,417), Solana (SOL) around $102.96 (range $96.08–$106.26), and XRP around $1.62 (range $1.53–$1.65). So, there's a rebound, but it's not yet safe to say risk-off continues.
A looming sentiment driver is the shift in US interest rate expectations following Kevin Warsh's nomination as Federal Reserve Chair. If the market continues to interpret a tighter policy direction (a strong dollar/yield), riskier assets like crypto are usually more vulnerable. Conversely, if dollar/yield pressure eases, crypto has a chance to breathe longer—but the key remains: can Bitcoin consistently hold above the recently tested $74,000–$75,000 area?
Source: Newsmaker.id
