How Bitcoin’s Volatility Is Testing Crypto’s Appeal: QuickTake

Feb. 6, 2026, 9:26 PM UTC

Bitcoin’s volatile start to 2026 saw the world’s largest cryptocurrency tumble at one point to its lowest level in over a year, wiping out the gains it had made since Donald Trump’s return to the Oval Office.

The downturn extended a slide that began in October, after the digital asset had been propelled higher for much of 2025 by the US president’s pro-crypto agenda. Growing geopolitical tensions and their impact on financial markets has curbed the appetite of risk-taking investors, aiding haven assets such as gold to the detriment of Bitcoin.

Bitcoin has fallen about 50% since its October peak. What went wrong for the world’s biggest cryptocurrency? Anna Irrera explains. Source: Bloomberg

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