Bitcoin’s price dipped below $75,000 as the selloff in the cryptocurrency market intensified due to a lack of momentum. According to reports, the price of Bitcoin today reached $74,683.63 at approximately 9:15 am. This marked the lowest level since April 2025, a time when trade tensions instigated by the United States plunged the cryptocurrency market into a bearish phase. Since reaching its peak in 2025, Bitcoin prices have experienced a decline of approximately 40%. In January alone, Bitcoin experienced a decline of approximately 11%, marking its fourth consecutive month of losses following a significant drop in October 2025. This also signifies Bitcoin’s longest losing streak since 2018, a period that followed the crash after the 2017 boom in initial coin offerings.
In addition to Bitcoin, the world’s second-largest cryptocurrency, Ethereum, experienced significant declines, dropping below the crucial $2,200 mark. The significant decline in Bitcoin’s price today is occurring alongside a rapid increase in the liquidation of crypto assets, driven by a continued lack of buyers, momentum, and confidence, as reported. Riya Sehgal noted that Bitcoin prices experienced a significant correction this week, stating, “as over $2 billion in positions were liquidated amid low-liquidity weekend trading.” In contrast to the October drawdown of Bitcoin, the current situation lacks a clear catalyst, cascading liquidations, or any systemic shock. Instead, we are witnessing diminishing demand, reduced liquidity, and a token that appears disconnected from the broader markets.
The sell-off was intensified by $1.6 billion in net outflows from US spot Bitcoin ETFs in January, “reflecting institutional risk reduction,” Sehgal stated. “Macroeconomic and geopolitical factors intensified the downturn.” Markets showed a negative response to US President Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, a figure seen as a hawk likely to advocate for tighter monetary policy,” she noted. Trump’s move sparked a rally in the US dollar while triggering sell-offs in risk assets, notably in the crypto market. “Simultaneously, geopolitical tensions, reports of an explosion at Iran’s Bandar Abbas port and concerns over possible US–Iran escalation, triggered a broader flight to safety, further weighing on digital assets,” Sehgal stated.
Currently, BTC is trading under its significant resistance level of $80K–$82K, with potential downside targets positioned around $72K–$70K. Meanwhile, ETH is encountering selling pressure beneath $2,500, which could lead to a retest of the $2,000 mark. “Until macro stability returns and ETF inflows resume, crypto markets are likely to remain defensive.” “Traders anticipate a period of volatile consolidation or additional declines before a lasting recovery can take hold,” she noted. According to Kaiko data, which indicates the capital available to absorb large trades, is currently over 30% lower than its peak in October.