Bitcoin Price Volatility Persists as 50% Plunge Tests Investors’ Conviction

Bitcoin posts its worst weekly slide since the FTX collapse, dropping over 15% toward $60,000 as volatility dominates the market.

Rich by Coin

2026-02-07

Bitcoin posted its worst week since the collapse of FTX, with the CoinDesk Bitcoin Price Index BTCUSD dropping over 15% week to date. At one point on Thursday, Bitcoin traded at $60,057, meaning it had fallen by more than half from its all-time high of $126,272.76 reached four months earlier on Oct. 6, 2025. Some retail investors are remaining stoic in the face of Bitcoin’s latest meltdown.

“VOLATILITY IS THE PRICE OF ADMISSION WITH BITCOIN,” one investor says. Bitcoin’s 50% plunge from highs ‘hurts a little’ — but it isn’t shaking these investors’ conviction.

The move underscores persistent volatility in the market. Investors describe volatility as the price of admission for bitcoin, a sentiment echoed by at least one market participant. As the market digests the FTX fallout and broader macro signals, traders will watch for liquidity, support levels, and catalysts that could spark a rebound or fuel further declines.