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Bitcoin Crashes Below $65,000 As Historic Free Fall Worsens—Price Is Down Almost 50% In 4 Months - FORBES
by Antonio Pequeño IV, Forbes Staff.
Bitcoin’s deep losses accelerated Thursday as the cryptocurrency fell 13% to plummet below the $65,000 mark as of mid-afternoon, continuing a historically bad stretch for the world’s most valuable digital asset.
Key Facts
Bitcoin fell below the $70,000 mark for the first time in over a year around 6:30 a.m. EST, but losses worsened throughout the day.
The losses pushed bitcoin below the $65,000 figure shortly after 3 p.m. EST, and it was trading as low as around $62,500 shortly before 4 p.m. EST.
These prices have not been recorded for the cryptocurrency since October 2024.
Bitcoin has fallen nearly 50% from its all-time high of $126,080, which was reached just under four months ago, on Oct. 6, 2025.
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Why Is Bitcoin Falling?
Bitcoin prices began faltering in mid-January amid geopolitical instability informed by the U.S.’ capture of Venezuelan President Nicolas Maduro and President Donald Trump’s threats to take control of Greenland. Investors scrambled for assets with more security, sending gold and silver prices surging to historic highs. Trump’s nomination of Kevin Warsh for chair of the Federal Reserve has also contributed to the bitcoin falloff, according to experts, despite Warsh’s positive view on the cryptocurrency. Deutsche Bank analysts Marion Laboure and Camilla Siazon attributed the slide to “massive withdrawals from institutional ETFs,” which are collections of diversified assets that can be invested and sold quickly on a stock exchange. The bitcoin tumble also comes amid a tech stock sell-off, which has sent the Nasdaq down 4.8% in the last week of trading.
Key Facts
Bitcoin fell below the $70,000 mark for the first time in over a year around 6:30 a.m. EST, but losses worsened throughout the day.
The losses pushed bitcoin below the $65,000 figure shortly after 3 p.m. EST, and it was trading as low as around $62,500 shortly before 4 p.m. EST.
These prices have not been recorded for the cryptocurrency since October 2024.
Bitcoin has fallen nearly 50% from its all-time high of $126,080, which was reached just under four months ago, on Oct. 6, 2025.
