Sharp Decline in Leading Cryptocurrency's Value
Bitcoin continues to rapidly lose value, dropping below the $70,000 mark — the lowest level since November 2024. According to trading data, the cryptocurrency lost almost 8% in the past day, and its value has fallen by 20% over the week.
Experts link the crash to a massive sell-off of tech company stocks in the US and Asia. Maya Vuinovich, CEO of Digital Assets at FG Nexus, notes that bitcoin is no longer trading on hype but depends on pure liquidity and capital flows.
Scale of the Decline
At the time of publication, bitcoin's value stands at $70,335. Ethereum has also suffered significant losses — close to $2,090, with a decline of almost 29% over the week.
According to CoinGlass, the volume of forced position closures in the futures market reached $838 million in a day, affecting more than 172,000 traders.
Reasons for the Crash
Shijiang Tan, Managing Partner at Monarq Asset Management, characterized the current situation as a "crisis of faith" in the crypto market. Bitcoin has lost over 44% from its peak in October 2025, when its value exceeded $126,000.
Analysts attribute the decline to macroeconomic uncertainty and reduced investor interest in risky assets.
