Bitcoin’s Rollercoaster: Wall Street’s Favorite Heartbreak Kid Hits $65K!

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In the grand theater of finance, Bitcoin has taken a bow, sliding back down to a humble $65,000, like a once-prominent actor now reduced to a bit part after the raucous reelection of Donald Trump, who, let’s be honest, seems to relish the spotlight more than a cat in a sunbeam. It appears our favorite cryptocurrency has decided to throw away its shine, erasing all the gains it so proudly flaunted post-election, leaving investors wondering if they should laugh or cry at this latest act.

As the numbers tumble, the echo of a $25,000 loss since last Wednesday rings out like a sad ballad, and Bitcoin finds itself down nearly 50% from its glorious peak in October 2025. Investors, with their fingers hovering over the panic button, ponder the reason behind this plunge. Spoiler alert: it doesn’t seem to have anything to do with the actual mechanics of Bitcoin itself, which is as stable as a three-legged table on a ship in a storm.

According to the wise folks over at the Kobeissi Letter, the culprit here is “emotional” selling-yes, that’s right, folks! It seems that crypto traders are acting more like teenagers after a breakup than seasoned investors, fleeing the scene without a shred of rational thought. The current trend is less about what Bitcoin can actually do and more about how everyone feels about it today, which frankly sounds like a bad episode of a reality show.

BREAKING: Bitcoin falls below $66,000 for the first time since October 2024, now down -$11,000 this week alone.

This is beginning to feel like “emotional” selling.

– The Kobeissi Letter (@KobeissiLetter) February 5, 2026

Meanwhile, our friend Doctor Profit-a name that inspires confidence, right?-has been waving red flags for months, predicting doom and gloom while secretly placing “big buy” orders around the $57,000-$60,000 mark. He’s looking for a quick buck before the rollercoaster takes another dip. Who knew investing could feel like gambling in Vegas?

“I consider $57k-$60k as a great entry to make money for the short term and gain some serious % before we continue going down.”

On another stage, MMCrypto is holding onto the belief that this bear market is nearing its curtain call, but not before one last dramatic scene unfolds. He’s poised, ready for the moment of MAX PAIN, whatever that is, because apparently, that’s when the real magic happens.

I think this Bitcoin Bear Market is almost over (time wise).

We are in the last capitulation move, which may continue for a bit. Once we have MAX PAIN, it’s over, soon!

I am getting ready NOW already.

MONEY MAKING TIME IS APPROACHING!

– MMCrypto (@MMCrypto) February 4, 2026

And let’s not forget the altcoins, those poor souls, getting pummeled like piñatas at a birthday party gone wrong. XRP, bless its heart, has dropped nearly 20% in just 24 hours, struggling to stay afloat below $1.25. It’s a wild ride out there in the crypto jungle, folks. Buckle up!

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2026-02-05 23:23