The cryptocurrency market has begun to show signs of recovery and optimism following a significant selloff that had driven the price of Bitcoin down to its lowest level since October 2024. This uptick in market sentiment suggests that investors are regaining confidence in digital assets, spurred by various factors such as potential regulatory developments, increased institutional interest, and renewed enthusiasm for the blockchain technology that underpins these currencies. As a result, many altcoins are also experiencing a rebound, indicating that traders are becoming more interested in exploring opportunities beyond Bitcoin.
source: https://www.coindesk.com/markets/2026/02/06/crypto-markets-rebound-from-selloff-that-sent-bitcoin-to-lowest-since-october-2024