On Feb. 6, Bitcoin and a range of major altcoins staged strong double-digit rebounds after sliding to critical support levels during the week's sharp sell-off. BTC bounced from $60,000 back above $69,000, while Ether, BNB, XRP, Solana, Dogecoin, Cardano, Bitcoin Cash, Hyperliquid and Monero all attempted relief rallies. Technical indicators such as the relative strength index and moving averages suggest these moves may face stiff resistance, keeping open the question of whether a durable recovery is forming or if the bounce will fade.

On February 6, 2026, Atlanta Fed President Raphael Bostic said Americans still trust the central bank to fulfill its mandate, according to Bloomberg News. He reaffirmed the goal of bringing inflation back to 2% and defended the Fed's independence amid criticism from Washington and calls for faster rate cuts.

MultiversX has integrated Google's Universal Commerce Protocol, allowing AI agents to access and operate crypto wallets directly on its blockchain. Through this setup, software agents can check balances, validate conditions and execute on-chain transactions without human intervention. The move positions the network as infrastructure for autonomous economic activity and advances machine-to-machine payments on public blockchains.

Institutional investors accelerated short selling of U.S. equities, with hedge funds cutting single-stock exposure at the fastest rate since October and marking a second consecutive day of selling. Five of 11 sectors saw heavy liquidation, while the S&P 500 fell 1.19% over five days and the Dow gained 1.29%.

Bitcoin's price climbed back above $71,000 less than a day after dropping to $60,000, recovering over $10,000 from its recent multi-year low. XRP jumped about 19% to above $1.50 and ETH moved back over $2,000, while more than $350 million in short positions were liquidated in the last 12 hours and daily liquidations still exceed $2 billion.

On 5 February, XRP slumped 19.64% to $1.21 in a sharp, high-volume sell-off that mirrored a broader market decline. On 6 February, the token then jumped over 24% intraday to around $1.50, with elevated trading activity suggesting aggressive repositioning rather than a calm recovery. Despite the bounce, sentiment near 78% and ongoing volatility indicate unstable price conditions, even as Bitcoin trades back near $70,000.

Ripple Prime International has activated support for the Hyperliquid derivatives venue, allowing institutional clients to cross-margin XRP and other assets through its brokerage platform. Veteran trader Peter Brandt describes Bitcoin’s eight-day slide as a possible campaign-style sell-off targeting levels near $63,800, while on-chain activity tied to Vitalik Buterin shows about 2,961.5 ETH traded in three days as Ethereum falls toward the $2,100–$2,200 area.

XRP rebounded more than 22% in the last 24 hours after a sharp market sell-off briefly pushed the token to about $1.14. The recovery carried price back toward the $1.45–$1.50 zone, with weekly performance still down over 14%. Liquidations totaled roughly $55 million, split between $28.9 million longs and about $26.4 million shorts.