Crypto markets are adding to overnight gains in U.S. morning trade on Friday, with bitcoin BTC$70,651.15 climbing above $68,000, up nearly 17% since hitting $60,000 late yesterday.
Bitcoin is now higher by 2.5% over the past 24 hours. Ether ETH$2,080.00 is up 2.2% and solana SOL$87.49 2%. Outperforming is XRP XRP$1.4604, which has climbed to $1.50, now higher by 17% over the last day.
Crypto-related stocks are seeing major upside moves Friday after plunging in the previous session.
Strategy (MSTR) — which reported a $14.2 billion fourth-quarter loss late Thursdy — is higher by 14%, though at $122, still lower by 22% year-to-date. Galaxy Digital (GLXY) is up 15% and bitcoin miner MARA Holdings (MARA) is up 12%.
Underperforming on Friday is bitcoin miner-turned AI infrastructure provider IREN (IREN), down 1.8% after disappointing earnings results Thursday night.
Saylor gets serious about Quantum
Those looking for bottom signals are pointing to last night’s Strategy earnings call in which Michael Saylor pledged a commitment to leading a Bitcoin security program that will address the quantum threat.
Some in crypto have argued that bitcoin’s security model faces a serious threat from quantum computing — a threat so imminent that many investors are either selling or refusing to allocate to bitcoin at all.
“Saylor’s announcement tells me prices have finally gotten the Bitcoin community to acknowledge and address quantum risk,” wrote Quinn Thompson.
Poised for technical bounce
Paul Howard, director at crypto trading firm Wincent, noted that bitcoin is now back at price levels last seen 14 months ago with key momentum indicator RSI flashing deeply oversold conditions. He added that trading volumes in BTC and ETH have surged to their highest in over two years. That technical setup that often invites at least a short-term bounce.
“It would be odd if we did not see at least some short term reversion here,” he said.
Updated (14:55 UTC): Adds price of bitocin rising past $70,000.
Source: https://www.coindesk.com/markets/2026/02/06/bitcoin-rises-to-usd70-000-extending-bounce-from-thursday-s-crash
