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Bitcoin crashes to $65,500, its lowest since 2024, losing over 10 percent in 24 hours. BTC is down 45 percent from its $126,272 peak, with market cap now at $1.29 trillion.
Bitcoin hits the lowest level since 2024, down 45% from record high
Bitcoin Crash: The downslide of Bitcoin has continued, tumbling the popular cryptocurrency to its lowest since 2024. According to CoinMarketCap, Bitcoin came down to $65,500-mark after falling over 10 per cent in the past 24 hours, reflecting the loss of faith and weakening sentiments among investors.
The crisis in Bitcoin has been intensifying in current times, dragging the overall crypto sentiment to its lowest. BTC has fallen over 45 per cent from the all-time high of $126,272, wiping off the market cap to $1.29 trillion.
Ethereum, which is the second most popular cryptocurrency, too suffered a heavy beating to drop about 10 per cent in the past 24 hours, falling to a low of $1,918. It slumped about 30 per cent in the past seven days, showing a broad weakening sentiment t in the crypto world.
The altcoins such as Solana, BNB, Bitcoin Cash, UNUS SED LEO, Monero, Zcash, etc. seemed to follow the broad low sentiment by dropping up to 16 per cent in the last 24 hours.
Meme coin such as Dogecoin fell 13.20 per cent.
Why Are Cryptocurrencies Falling?
Bitcoin saw a major rally following the beginning of Trump’s 2nd term as US President in early 2025. The rally was linked to pro stance by Donald Trump for cryptocurrency and record investment inflow via ETFs. Last year, BTC had hit the record high of $126,275, marking a bearish sentiment and high faith with a record inflow in ETFs.
Since then, however, Bitcoin’s slide has continued, hitting consecutive lower levels. Investors are continuing to exit from Bitcoin ETFs, weaking the prices further.
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February 06, 2026, 08:25 IST
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