The cryptocurrency market has been rocked by another financial earthquake, as Bitcoin continued its sharp decline, plummeting by nearly 11% in the past 24 hours. The world's largest cryptocurrency fell to $67,000, its lowest price since November 2024, some 15 months ago, triggering panic among investors and traders.
Details of the great landing and record numbers
According to data from global trading platforms like CoinMarketCap, this decline wasn't a sudden event, but rather the culmination of a downward trend that began when the currency reached its all-time high of over $126,000 in early October 2025. Since then, Bitcoin has lost between 44% and 47% of its market capitalization, wiping out hundreds of billions of dollars from the total value of the cryptocurrency market over the past four months. During today's trading, the currency reached a daily low between $67,000 and $67,675 before attempting to stabilize precariously around the $68,000 level.
Economic reasons behind the collapse
Experts and financial analysts attributed this dramatic decline to a combination of interconnected factors, most notably:
- Liquidation of financial positions: The market witnessed massive forced liquidations of leveraged positions exceeding $2.5 billion in a single day, which intensified the selling pressure.
- Dollar strength and bond yields: The rise in the US dollar index and the increase in US Treasury bond yields have led to a withdrawal of liquidity from high-risk assets such as digital currencies and tech stocks.
- Lack of catalysts: After the wave of optimism that followed the 2024 elections and the expected regulatory policies, the markets were hit by a global economic reality that reassessed the risks, resulting in the absence of new positive catalysts to support the rise.
The domino effect on alternative currencies
Bitcoin wasn't the only victim; the negative impact extended to altcoins, hitting them even harder. Solana plummeted by as much as 24% in a single week, while other major cryptocurrencies suffered losses ranging from 15% to 30% in a single trading session, reflecting the close correlation between Bitcoin's movements and the rest of the market.
Technical outlook and future prices
From a technical perspective, breaking the $70,000 level, which had been a strong psychological and technical support, is a serious bearish signal. Analysts are now focusing on the next support levels between $60,000 and $65,000. Some analysts suggest a possible test of the 200-week moving average between $58,000 and $62,000 if the selling pressure continues at this pace.
This decline represents a real test of the resilience of the digital asset market, and brings to mind previous market cycles that follow record highs, where fear becomes the main driver for traders instead of greed.
