For the first time in over a year, Bitcoin has slipped below $65,000, its lowest point. This fundamental downturn is caused by severe levels of fear in global equity markets and heavy selling pressure on cryptocurrencies. At press time, Bitcoin was priced at approximately $64,353, down nearly 10% for the day and more than 33% for the last 12 months. Bitcoin reached its all-time high of $126,000 in October 2025; this fall represents continued declines for the currency.
What Caused the Sudden Drop
Traders are pulling their investments out of riskier assets due to increasing uncertainty in the market, according to research teams at CoinDCX and CoinSwitch. With the announcement of Donald Trump’s second term as US President, many traders had high expectations for an improvement in the equity markets, but instead, policy issues are causing increased volatility.
In the past 24 hours, over $1 billion of Bitcoin positions have been liquidated, primarily due to large long trades (i.e., traders who expected prices to increase and thus held Bitcoin for the long run) being sold off. This has caused an even further decline in prices. Bitcoin has also now broken below a critical level of technical support, which has triggered additional automatic selling.
Broader Crypto Market Turns Bearish
It is not only Bitcoin that has suffered weakness, as the total value of the cryptocurrency market has decreased to $2.23 trillion with an over 10% drop in one day. Ethereum has dipped below $2000, with large amounts being lost on other well-known cryptocurrencies such as Binance Coin, XRP, Solana and DogeCoin. The market sentiment has turned to an “extreme fear” level, indicating a cautious approach by investors.
What Experts Expect Next
Analysts feel that despite a large drop, the price of Bitcoin is still finding a key long-term support level at around the US$58,000 level. If prices stay above the US$60,000–US$62,000 level, it could lead to more stability in the market and/or allow for some time for the market to recover. Conversely, if selling continues, it is possible that Bitcoin will fall back down toward the US$56,000 level.
Experts believe that shorter-term traders should consider being more cautious about their trading plans, while longer-term traders may see this period of time as an opportunity to purchase gradually. For the time being, crypto prices are expected to remain volatile while the markets are looking for more clarity on the economy and on policies of leading central banks.