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Is the bottom in for Bitcoin? 🏀

Is the bottom in for Bitcoin? 🏀

As the crypto market continues to slide, analysts are offering differing outlooks for the near-term.

Stephen Graves
February 03, 2026

📝 What you need to know

It’s the question on everyone’s lips as the crypto market tumbles: Is the bottom in? Ask any two analysts and you’ll get two different answers, of course. Galaxy’s Alex Thorn argues that structural weakness in Bitcoin’s realized price and its failure to stand up as a debasement hedge alongside gold, could push it all the way to $60,000.

Meanwhile, Fundstrat co-founder Tom Lee sounded a cheerier note in a CNBC interview Monday, suggesting that from a technical perspective, the crypto market has bottomed out. He cautioned, however, that the confirmation process for Trump’s new Fed chair pick, along with the first FOMC meeting under a new dynamic, could herald choppy waters ahead for risk assets.

Bitcoin Could Drop Below $60K, Says Galaxy Analyst—Here's Why

Bitcoin has fallen 38% from its all-time high, but it might be headed for a slide below $60,000, according to a Galaxy analyst.

📰 In the News

Fundstrat Co-Founder Tom Lee Says Crypto Bottom Is in Following Market Slump

Lee claims Bitcoin and Ethereum may have found a floor after a sharp selloff and volatility in the precious metals market.

Standard Chartered Cuts Near-Term Solana Forecast, Sees $2,000 by Decade's End

Standard Chartered analyst says Solana's "ultra-low-cost" model will dominate micropayments, but scaling may take several more years.

Game On: How Esports Giant Team Liquid is Leveling Up its Data Storage With Walrus

Behind the scenes, the esports powerhouse has moved hundreds of terabytes of content to a decentralized data layer built for scale.

📊 Myriad Market of the Day

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Trade "SOL next move: Pump to $140 or Dump to $69?" on Myriad

💬 Quote of the Day

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“Catalysts remain hard to find, and narratives are also working against Bitcoin as it fails to trade along with gold and silver as part of a market-wide ‘debasement hedge trade’.”

Galaxy Head of Firmwide Research Alex Thorn strikes a pessimistic note

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🕵🏻‍♀️ Editor’s Picks

Australian Banks Imposing 'Unlawful Regulatory Ban' on Crypto, Says Coinbase

Coinbase tells Australia that bank opacity on crypto account closures has created "a crisis of confidence" in the financial system.

Senator Warns of 'Potentially Criminal Conduct' Over UAE-World Liberty Financial Deal

Connecticut Senator Chris Murphy alleged “brazen, open corruption” over the UAE’s $500m investment in Trump-linked crypto ventures.

OpenClaw Opens the Gates for AI Agents—Here’s What’s Real and What’s Not

OpenClaw hit 147,000 GitHub stars in a matter of weeks and spawned an entire ecosystem of AI agents. But just how much is revolutionary tech?

📚 Watch and Learn

📹️ WATCH: Epstein Was Early Coinbase Investor, Hyperliquid Up 17%, Elon Says Xai & Spacex Will Merge

🎓 LEARN: What is Zcash (ZEC)? The Privacy Coin Using Zero-Knowledge Proofs

Zcash is a privacy-focused cryptocurrency that enables users to hide key details of transactions by leveraging zk-SNARKs.

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