Bitcoin surges back above $65,000 after $700 million wipeout in Asia whipsaw

Bitcoin experienced a dramatic resurgence, climbing back above the $65,000 mark after a significant market event that saw approximately $700 million lost in a sudden and tumultuous trading session in Asia. This rapid price fluctuation, often referred to as a "whipsaw," highlights the extreme volatility and unpredictability of cryptocurrency markets, as investors were both shaken and invigorated by the swift changes in value. source: https://www.coindesk.com/markets/2026/02/06/bitcoin-surges-back-above-usd65-000-after-usd700-million-wipeout-in-asia-whipsaw