Bitcoin course dropped below $70,000 — for the first time since November 2024
The price of Bitcoin has dropped significantly, losing over 25% of its value in the last month. The cryptocurrency saw a sharp 9% decline in just 24 hours, bringing its price to approximately $69,450, according to CoinMarketCap data.
A Volatile Year for Crypto
This recent downturn follows a period of record-breaking highs. Earlier in 2025, Bitcoin's price surged to a peak of $126,000 in October before beginning its descent. The last time the price was this low was in early November 2024, following the U.S. presidential election.
Investors are experiencing a 'crisis of confidence' and are beginning to doubt Bitcoin's role as a safe-haven asset amidst stock market instability.
Ripple Effects Across the Market
The decline isn't limited to Bitcoin. Other major cryptocurrencies are also experiencing significant losses, dragging the total market capitalization down to $2.3 trillion. According to Coinglass data, investors liquidated approximately $722 million in various digital assets over the past day. The hardest-hit altcoins include:
- XRP: down 14.2%
- BNB: down 9.8%
- Ethereum (ETH): down 7.95%
- Solana (SOL): down 7.2%