Bitcoin hovers near $78,000 with 'broader downtrend intact'
Yahoo Finance·2026-02-03 03:23
Bitcoin (BTC-USD) steadied near $78,000 per token on Monday, but some strategists cautioned that its sharp sell-off over the weekend may not be over as investors seemed reluctant to buy the dip. The world's largest cryptocurrency dropped sharply on Saturday, touching its lowest levels since last April and notching a fourth straight month of losses. The move lower coincided with President Trump's announcement on Friday selecting Kevin Warsh to lead the Federal Reserve when Jerome Powell's term ends in M ...