Bitcoin just took another big hit. It dropped under $70,000 for the first time in a while. Right now, it’s sitting around $69,300. That’s a sharp fall from its high of $115,000 back in November 2025. Overall, Bitcoin has lost about 40% since that peak.
The drop came fast. In the last day alone, Bitcoin fell almost 9%. The whole crypto market felt it too. The big index for top coins fell 9% in 24 hours and over 22% in the past week. Ethereum is down more than 8%, and other coins like XRP took even bigger hits.
What started this slide? A lot of selling pressure built up. Big players had bets on the price going up using borrowed money. When it started falling, those bets got wiped out. More than $800 million in those positions got forced sold in one day. That made the price drop even harder.
A key moment came from the US Treasury Secretary. Scott Bessent said the government won’t buy Bitcoin or step in to save it. No bailout here. That news scared investors who hoped for more support.
Other things added fuel. Oil prices jumped around because of tensions between the US and Iran. That made people pull back from risky stuff like crypto. Stocks and even gold took hits too. When big money gets nervous, they sell fast.
Bitcoin has now fallen for four months straight. That’s the longest streak since the bad times in 2022. The fear level in crypto is super high. One index that measures greed or fear is down to 11 points—the lowest this year. People are scared.
Experts watch the charts closely. The price broke through a support level around $73,000. Without strong buying coming in, it could keep going lower. Some say the next stop might be around $60,000 or even less if things don’t turn around.
Not everything is down. A few smaller coins held up or even rose a bit. But the big names like Bitcoin and Ethereum lead the way, and right now they’re pulling everything lower.
Many folks who got in during the big run-up last year are feeling the pain. Gains from after the US election got wiped out. The hype around crypto as “digital gold” feels far away now.
Still, crypto has bounced back from bad drops before. Some think this clears out weak hands and sets up for better days. But right now, it’s tough. No clear good news is coming to stop the slide.
Investors keep an eye on big events ahead. More economic data, interest rate moves, or any shift in global tensions could change things. For now, the mood is low, and Bitcoin stays under pressure.
This kind of swing reminds everyone how wild crypto can be. One day it’s flying high, the next it’s crashing hard. If you’re in it, hold tight—or maybe sit this one out. The ride isn’t over yet.