Bitcoin gains a foothold above $70,000 after a sharp rebound

12:16 - 9.02.2026


February 9, Fineko/abc.az. On Monday, bitcoin was traded above $70,000, having stabilized after rapid recovery from levels around $60,000 recorded last week.

ABC.AZ reports that investors have again shown interest in risky assets after large-scale liquidations and amid expectations of key U.S. economic data.

By 10:25 a.m. on Baku time, the price of the largest cryptocurrency grew by 1.5% up to $70,402, moving away from a 16-month low. Bitcoin gained more than 12% in the session on Friday, boosted by gains in technology stocks and precious metals.