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Bitcoin has suffered a sharp downturn, sliding to roughly $60,000 as its ongoing price collapse intensifies. The leading cryptocurrency has now lost more than half of its value in just four months, marking one of the steepest declines in recent years.
Bitcoin Records Lowest Price Since 2024
The digital asset dropped below $70,000 for the first time in over a year, before continuing downward past $65,000. At its lowest point, Bitcoin traded near $60,256, a level not seen since October 2024. Despite a slight rebound above $61,000, the broader trend remains heavily bearish.
Why Is Bitcoin Falling So Fast?
Several global and financial pressures are contributing to Bitcoin’s decline:
Geopolitical uncertainty, including tensions involving U.S. foreign policy
Investor movement toward safer assets, driving gold and silver prices higher
Large institutional withdrawals from Bitcoin ETFs, increasing sell pressure
A broader tech stock market slump, pulling down crypto-linked assets as well
Shifts in U.S. monetary policy expectations, adding market instability
Analysts suggest that the combination of macroeconomic stress and reduced institutional demand is accelerating Bitcoin’s price drop.
Crypto Stocks and Exchanges Feel the Impact
The cryptocurrency downturn has affected companies tied to digital assets. Robinhood shares fell around 10%, while Coinbase stock dropped over 13%, reflecting weakened investor confidence in crypto-related platforms.
A Pattern of Crypto Volatility
Bitcoin’s current fall follows a familiar historical pattern. After reaching previous peaks—such as $69,000 in 2021—the asset has experienced deep corrections before recovering. Its recent surge in 2025 was partly fueled by pro-crypto political momentum, including regulatory rollbacks and the establishment of a government Bitcoin reserve. However, renewed global uncertainty and aggressive trade policies have contributed to the current downturn.
What This Means for Investors
Bitcoin’s steep decline highlights the cryptocurrency market’s inherent volatility. While long-term supporters view downturns as potential buying opportunities, analysts warn that price swings could continue in the near term.
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