Bitcoin has fallen further in the last 24 hours, extending its weekly slide to more than 15% as it fell to a daily low of $73,111—its lowest mark in the last 15 months.
The price of Bitcoin has since partially rebounded to $74,744, still showing a more than 4% dip on the day. The slide comes amid tumbling asset prices across crypto and traditional markets, where indices like the S&P 500 and Nasdaq Composite have fallen 1.41% and 2.22%, respectively, in the last trading day.
Those indices have been pulled down by popular tech stocks like payments firm and stablecoin issuer PayPal (PYPL), which has fallen more than 19% on the day following its earnings report. The move away from risk-on assets also comes amid a partial U.S. government shutdown, which has dragged on into its fourth day.
Crypto-related equities like crypto exchange Coinbase and leading treasury firms Strategy and BitMine Immersion Technologies are all down as well, each losing more than 7% since the opening bell, despite recent accumulation from firms like Cathie Wood’s Ark Invest.
Bitcoin’s peers like Ethereum and Solana have fared even worse than the top crypto asset, dropping 9.6% and 7.1% over the last day to change hands at $2,118 and $97.10, respectively—below their marks from the Trump tariff threat-induced market bottom from last April. The coins now sit 57% and 67% below their respective 2025 all-time highs.
Despite holding up slightly better, Bitcoin has been the leading asset as far as crypto liquidations go over the last day, responsible for nearly $234 million in long liquidations per data from CoinGlass. All told, some $659 million worth of positions have been liquidated in the last 24 hours.
And it could get worse, according to recent analysis from Galaxy Digital Head of Research Alex Thorn. He pointed to the structural weakness in Bitcoin’s price and its lack of near-term catalysts as a reason that BTC may trend even lower towards its 200-week moving average of $58,000.
Thorn also highlighted the asset’s “debasement trade” narrative violation when compared to the recent surge in gold, which made a new all-time high above $5,600 per ounce last week. That invalidation was apparent again on Tuesday, as BTC has fallen strongly in the face of another gold rally.
The largest precious metal has jumped nearly 6% on Tuesday amid falling risk asset prices, recently changing hands at $4,924 after partially rebounding from a pre-weekend plunge.
Wood, who has a vested interest in the performance of Bitcoin given her ambitious price predictions and her firm’s exposure to the asset, recently told investors that it’s more likely that gold is in a current bubble—not artificial intelligence, as many investors have feared.
Bitcoin’s drop has led to a major flip in sentiment for predictors on Myriad—a prediction market operated by Decrypt‘s parent company, Dastan—who now favor the asset to drop to $69,000 before a pump to $100,000.
Last week, predictors on the platform expected the jump to $100,000 with odds standing as high as 70% in favor of the move. Since that time, though, predictors have yielded to bearish assumptions, completely flipping the odds to favor the drop to $69,000 at 75%.
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Source: https://decrypt.co/356820/bitcoin-plummets-15-month-low-crypto-stock-prices-tumble
