Bitcoin experienced a notable bounce of 7% from its recent lows, indicating a momentary resurgence in its value. However, despite this uptick, the cryptocurrency market as a whole continues to face significant pressure during trading hours in the United States. Various factors, including regulatory concerns, market sentiment, and macroeconomic conditions, are contributing to the overall volatility and uncertainty that is affecting the prices of cryptocurrencies. As a result, while Bitcoin has made a slight recovery, the broader crypto landscape remains challenged and cautious.
source: https://www.coindesk.com/markets/2026/02/02/bitcoin-bounces-7-from-lows-but-crypto-remains-under-pressure-in-u-s-trade