Bitcoin Prices Fluctuate Amid Legislative Buzz and Macroeconomic Pressures

Bitcoin's price has been experiencing significant fluctuations in February 2026, with values ranging from the high-$60,000s to mid-$70,000s. This volatility can be attributed to various factors, including legislative buzz and macroeconomic pressures.

The recent stability near $68,000 is a notable development, as it suggests underlying investor confidence despite headwinds. However, this resilience may be short-lived if the downturn becomes more severe, according to some analysts. Ned Davis Research projects a potential drop to $31,000, citing historical patterns of 84% average losses during such periods.

On the other hand, Polymarket data suggests a 54% probability that Bitcoin will end February around $75,000. The Clarity Act discussions and White House crypto-industry talks are also being closely watched for their potential impact on regulatory clarity and investor sentiment.