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Bitcoin hits October low, rebounds

5m

Bitcoin plunged to its lowest level since October 2024 before staging a strong intraday rebound, rattling investors and prompting debate over whether the market had found a floor.

by Andrew Scott

33%
ottoenglish.bsky.social
Bitcoin has plunged by 50% from an all-time peak in October.

Yet another thing that all the world's worst people told us would herald a golden age. More like a massive shit shower for gamblers... sorry... investors.
Bitcoin falls to lowest level since Trump took office
February 6, 2026 at 7:03 PM

Reposted by Ugo Panizza

33%

by Olivier J. Blanchard

167%

Reposted by Richard S.J. Tol

29%
wartranslated.bsky.social
In January 2026, Russia's oil and gas budget revenues plummeted by 50.2%, dropping to 393 billion rubles. The Central Bank reports that this sharp decline is primarily due to falling oil prices.
February 6, 2026 at 4:26 PM

Reposted by Greg Linden

16%
davekarpf.bsky.social
Decided to cackle a bit about the crypto crash, fake money, and when ponzi schemes get into trouble.

open.substack.com/pub/davekarp...
February 6, 2026 at 5:59 PM

by Olivier J. Blanchard

167%

by Scott L. Greer

19%
scottlgreer.bsky.social
"when we say $2 trillion was lost from the crypto ecosystem, we should also be clear about where it went. It went nowhere. That money was never real to begin with"
On Crypto Crashes and Fake Money
When the cryptocurrency ecosystem sheds $2 trillion, we should pause to notice where it went.
open.substack.com
February 7, 2026 at 12:01 AM

by Michael D. McDonald

19%
electproject.bsky.social
And who said we stopped making pennies?
mattpeterson.bsky.social Matt Peterson @mattpeterson.bsky.social · 21h
Just checking in on American Bitcoin, the Eric Trump venture that is a leveraged bet on Bitcoin.
The image features a line graph set against a white background with a light red shaded area beneath the trend line. The Trend: The line starts on the left (around Feb 1) at approximately $1.50. It maintains a jagged but relatively flat level until midday on Feb 3, where it begins a sharp, consistent decline. The Vertical Axis (Price): Ranges from $1.10 at the bottom to $1.60 at the top. The Horizontal Axis (Time): Marked with dates from February 2 through February 5. Current Position: The line ends at its lowest point on the far right of the chart, marked with a solid red dot at the $1.15 mark. (Summary written with AI)
February 6, 2026 at 12:30 PM

Reposted by Michael D. McDonald

6%
mattpeterson.bsky.social
Just checking in on American Bitcoin, the Eric Trump venture that is a leveraged bet on Bitcoin.
The image features a line graph set against a white background with a light red shaded area beneath the trend line. The Trend: The line starts on the left (around Feb 1) at approximately $1.50. It maintains a jagged but relatively flat level until midday on Feb 3, where it begins a sharp, consistent decline. The Vertical Axis (Price): Ranges from $1.10 at the bottom to $1.60 at the top. The Horizontal Axis (Time): Marked with dates from February 2 through February 5. Current Position: The line ends at its lowest point on the far right of the chart, marked with a solid red dot at the $1.15 mark. (Summary written with AI)
February 6, 2026 at 12:20 PM

by Scott L. Greer

19%
scottlgreer.bsky.social
“We have rules against this sort of thing. But we don’t really enforce them much anymore, because (to oversimplify it just a bit) the various futurecoin companies spent over a quarter of a billion dollars to influence the 2024 election, and they have hired very expensive lawyers too”
scottlgreer.bsky.social Scott L Greer @scottlgreer.bsky.social · 10h
"when we say $2 trillion was lost from the crypto ecosystem, we should also be clear about where it went. It went nowhere. That money was never real to begin with"
On Crypto Crashes and Fake Money
When the cryptocurrency ecosystem sheds $2 trillion, we should pause to notice where it went.
open.substack.com
February 7, 2026 at 12:15 AM
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