Bitcoin continues to plummet, dropping about 11% in the past 24 hours to a level of $67,000, its lowest since November 2024, or about 15 months.
Bitcoin hit an intraday low of around $67,000 to $67,675, before briefly stabilizing at around $67,800 to $68,200 later in the session, according to data from major trading platform CoinMarketCap.
This crash occurred during a long correction wave that began in early October 2025, when the currency reached historic highs of over $126,000. Since then, Bitcoin has lost more than 44-47% of its value, with total market losses in the digital currency market over the past four months estimated at hundreds of billions of dollars.
regression factor
Analysts and experts attribute today’s sharp decline to several factors, including the massive liquidation of over $2.5 billion worth of leveraged positions in the past 24 hours, reduced market liquidity, and increased fear and panic.
Among these factors are widespread selling pressure on risk assets, including tech stocks and major corporate stocks, a strong U.S. dollar, rising U.S. Treasury yields, and a lack of strong positive catalysts at this time.
According to some technical analysis, the $70,000 level is considered an important psychological and technical level, and after breaking it convincingly today, attention now shifts to the next support area between $60,000 and $65,000, and possibly the 200-week moving average around $58,000 to $62,000.
Alternative digital currencies witnessed a more severe crash, with Solana coin falling by up to 24% during the week, and several other currencies dropping 15-30% in a single day.
Bitcoin experienced a strong rally in 2025, buoyed by positive expectations for US economic and regulatory policy following the 2024 election, but global economic realities led to a fundamental reassessment of risk, leading to an exodus of capital from high-risk assets.
