Bitcoin It fell further in the past 24 hours, extending its weekly loss to more than 15%, hitting a daily low of $73,111, the lowest in the past 15 months.
Bitcoin prices have since partially rebounded to $74,744, but are still down more than 4% on the day. The slide comes as asset prices in both cryptocurrencies and traditional markets plummet, with indexes such as the S&P 500 and Nasdaq Composite down 1.41% and 2.22%, respectively, in the last trading day.
The indexes were dragged down by popular tech stocks like payments company and stablecoin issuer PayPal (PYPL), which fell more than 19% the day after its earnings report. The move to sell off risk assets also comes amid a partial U.S. government shutdown that continues into its fourth day.
Cryptocurrency-related stocks such as cryptocurrency exchange Coinbase and leading financial companies Strategy and BitMine Immersion Technologies also fell, each down more than 7% since the open despite recent accumulation. From companies like Cathie Wood’s Ark Invest.
Bitcoin peers such as Ethereum and Solana It performed even worse than the top crypto asset, falling 9.6% and 7.1% on the last day to change hands at $2,118 and $97.10, respectively, below levels when the market bottomed last April amid Trump’s tariff threats. Currently, the prices of these tokens are 57% and 67% respectively below their 2025 all-time highs.
Although Bitcoin has performed slightly better, it has been the leading asset in terms of cryptocurrency liquidations over the past day, almost leading to $234M long liquidation According to data from CoinGlass. All told, approximately $659 million worth of positions have been liquidated in the past 24 hours.
According to recent analysis by Alex Thorn, head of research at Galaxy Digital, things could get worse. he Pointing out structural weaknesses in Bitcoin price As well as the lack of short-term catalysts, BTC may move lower towards the 200-week moving average at $58,000.
Thorne also highlighted the asset’s “depreciation trade” narrative violation compared to the recent surge in gold prices, which has seen gold prices rise. Last week hit a record high above $5,600 an ounce. This failure was evident again on Tuesday, as Bitcoin fell sharply in the face of another rally in gold.
The largest precious metal rose nearly 6% on Tuesday as risk assets fell, recently changing hands at $4,924 after partially recovering from a pre-weekend slump.
Galaxy Analyst Says Bitcoin Could Fall Below $60,000 – Here’s Why
Wood, has a vested interest in Bitcoin’s performance Given her ambitious price forecast and her firm’s exposure to the asset, recently telling investors that it was more likely Gold is currently in a bubble— rather than artificial intelligence, which many investors fear.
