Bitcoin hits 16-month low near $60,000 in global tech-stock selloff

Bitcoin fell to a 16-month low near $60,000 on February 6, 2026, during a global selloff in technology stocks that pushed risky assets lower. The price then bounced off that level later in the session. Ether also dropped sharply, sliding between 9% and 13% on the day.

• Intraday low about $60,000 (CoinMarketCap data cited: $60,074)
• Bitcoin was down more than 16% at the low
• Ether fell between 9% and 13% on the same day