Bitcoin’s price fell below $75,000 today, marking its lowest point in almost a year, as global crypto markets faced a prolonged wave of selling driven by wider financial pressures and changing investor sentiment. The bitcoin price has now pulled back over 40% from its peak levels achieved in late 2025. Bitcoin Magazine Pro data reveals that the bitcoin price has reached a one-year low of $74,747. Bitcoin is hovering around that figure. Recent trading data indicated that Bitcoin’s price has fallen below crucial technical support levels, leading to forced liquidations in the derivatives markets and amplifying the downward pressure on prices. In the last 24 hours, market data reveals that approximately $2.56 billion in Bitcoin positions have been liquidated. This comes after several weeks marked by a risk-off sentiment permeating global asset classes. The recent decline in cryptocurrencies has paralleled tensions in various markets, including precious metals, technology sell-offs, and equity losses. The recent market slide has significantly affected major players in the industry. Galaxy Digital, the prominent crypto investment firm helmed by Michael Novogratz, disclosed a staggering $482 million loss for the fourth quarter of 2025, earlier today.
The company pointed to the decrease in digital asset prices and a significant decline in trading volumes, which plummeted over 40% compared to the previous quarter. Galaxy’s stock experienced a decline after the earnings release, highlighting investor apprehension regarding the overall bitcoin price and the ongoing crypto downturn. Currently, Bitcoin is trading below $76,000, aligning closely with the average price at which Strategy obtained a portion of its BTC holdings, and significantly under the acquisition cost of many of its accumulated coins. Given that Strategy possesses hundreds of thousands of bitcoins acquired at elevated average purchase prices, the present market valuation falls short of the amounts invested in a substantial part of its inventory, resulting in a considerable segment of its assets being “underwater.” Market participants have highlighted U.S. monetary policy developments as a key factor behind the sell-off. The recent nomination of Kevin Warsh as chair of the U.S. Federal Reserve by President Donald Trump has sparked predictions of stricter monetary conditions.
The recent strengthening of the U.S. dollar, driven by changes in monetary policy, has put pressure on Bitcoin. A stronger dollar generally diminishes the appeal of non-yielding assets such as Bitcoin, leading to a decrease in inflows from investors looking for currency-neutral hedges. Analysts observed that the dollar’s recent performance created technical headwinds, exacerbating the decline in the crypto market. The Trump administration remains actively involved with industry leaders regarding digital asset policy, focusing on initiatives to enhance regulatory clarity through legislation like the Digital Asset Market Clarity Act. The recent dialogue has noticeably decelerated in the past few months, yet it has not yet resulted in any stabilizing price action given the prevailing conditions. In a recent memo, Bitwise CIO Matt Hougan stated that the crypto market has been enduring a true “crypto winter” since early 2025, rather than merely going through a brief correction.
Hougan pointed out that bearish sentiment continues to dominate, as indicated by the Crypto Fear and Greed Index, which reflects nearly all-time fear levels, even in light of favorable developments such as the appointment of a bitcoin-friendly Fed chair. Hougan highlighted that institutional flows played a role in concealing the extent of the downturn. During this period, U.S. spot bitcoin ETFs and digital asset treasury vehicles acquired over 744,000 BTC, translating to approximately $75 billion in demand. This influx played a crucial role in mitigating the bitcoin price’s drawdown, which was estimated to have approached nearly 60% without such support. He drew parallels between the current environment and past downturns in 2018 and 2022, noting that markets stayed subdued even in the face of incremental positive news. Looking ahead, Hougan indicated that crypto winters frequently conclude not with exuberance but rather with exhaustion. In his words, “It’s always darkest before the dawn.” Bitcoin’s price stands at $74,800, accompanied by a 24-hour trading volume of 55 billion. Over the past 24 hours, BTC has seen a decline of 5%. The asset is presently down 5% from its 7-day all-time high of $78,994.