The price of Bitcoin has dropped below $65,000, with the cryptocurrency’s value falling over 10 percent in a single day to around $64,000, the lowest it has been since the 2024 Presidential election.
The decline in Bitcoin’s price is part of a steady downward trend that has been ongoing for several weeks. After crossing $100,000 in November 2024 and peaking at over $122,000 in October 2025, Bitcoin’s value has been steadily decreasing. This decline has also affected other cryptocurrencies, such as Ether, which dropped below $2,000 and resulted in Ethereum-focused treasury BitMine‘s hoard losing over $8 billion in value on Thursday, according to CoinDesk reports.
The drop in Bitcoin’s price has significant implications for the cryptocurrency market. As the value of Bitcoin continues to slide, it has effectively erased all gains since its $69,000 all-time high. For more information on the current state of the cryptocurrency market and the factors contributing to Bitcoin’s decline, readers can visit The Verge for the full story.
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