Bitcoin $BTC has ignited a relief rally today, February 3, 2026, surging roughly 4% to trade near $78,500 after a turbulent start to the week. While the market is still shaking off the chills from a recent dip to $74,000, institutional confidence appears to be thickening; spot Bitcoin ETFs just snapped a painful outflow streak with a massive $562 million in fresh daily inflows. This resurgence is further bolstered by retail expansion in Germany, where ING has officially opened access to Bitcoin ETPs, and high-profile figures like Cathie Wood are increasingly vocal about swapping gold for "digital gold". Although analysts warn that a "true bottom" could still lurk between $55,000 and $70,000 due to macroeconomic pressures, the current bounce toward $80,000 has provided much-needed breathing room for investors.
1 BTC $BTC equals
Rs 22,083,224.78
As of 3 Feb, 3:10 pm GMT+5 • Disclaimer
Rs 22,077,187.56 -0.28%
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8:50 am
3 Feb 2026 7:05 am - 3:10 pm
Key Insights for February 3, 2026
Institutional Inflows: The $562 million net inflow into ETFs signals that large-scale buyers are viewing current levels as a discount.
Whale Activity: MicroStrategy recently bolstered its treasury by adding 855 BTC, bringing its total holdings to over 713,000 coins.
Market Sentiment: Despite the price jump, the Fear & Greed Index remains at 15 (Extreme Fear), suggesting the market is still psychologically fragile.
Altcoin Momentum: Bitcoin dominance has hit 60%, as the flagship asset leads the recovery while altcoins remain relatively stagnant.
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