Bitcoin has dropped several percentage points and as of the evening trading it costs less than 95 thousand dollars. The decline, which has been ongoing since the beginning of October, has already «burned» over 450 billion dollars in market capitalization. Bloomberg reports this.
Why the Cryptocurrency Market is Falling
The sharp decline in cryptocurrencies began last month when nearly 19 billion dollars in leverage was liquidated in one day. This event drastically changed investors' sentiments and triggered a wave of selling. Analysts believe that the market has entered a confirmed «bearish» mode — a prolonged period of asset price decline of 20% or more.
The main signs of such a trend look like this:
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decreased inflows from exchange-traded funds
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active selling by long-term investors
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weak interest from ordinary buyers.
How Deep Can the Decline Be
Despite the drop, bitcoin is still about 5% more expensive than at the beginning of the year, and over 40% higher than the levels after the 2024 U.S. elections. However, the momentum of recent months has sharply weakened.
Previous bear markets in 2024–2025 led to losses of 30–40%. Currently, BTC has lost over 20% from its peak in 2025 and is not showing signs of stable recovery. According to Binance, as of 15:37, bitcoin was trading at 95,028 dollars.
The cryptocurrency market historically goes through cycles of sharp volatility. Analysts emphasize that the current decline is not anomalous and fits into an overall trend, where after periods of rapid growth, assets correct. Key factors that could influence the situation include the Fed's decisions on rates, the activity of institutional investors, and the recovery of global risk asset markets.