The decline in Bitcoin's value continues today. The largest cryptocurrency fell to $69,101 on the Bitstamp crypto exchange this afternoon.
Bitcoin’s discounted price on Bitstamp was likely caused by higher selling pressure on this Robinhood-owned platform.
Bitcoin's global value reached its highest point in October 2025, when its price touched $126,000. However, it has continued to decline since then. At its current value, Bitcoin has fallen 40% from its peak.
This decline in Bitcoin's value is one of the effects of market concerns over AI (Artificial Intelligence) spending, sluggish inflow momentum, and stretched valuations. This has caused investors to avoid risky assets.
Some analysts even predict that Bitcoin's price could bottom out at $60,000. Traders on the futures trading platform Polymarket are speculating there is an 82% chance that Bitcoin's price will drop to $65,000 this year.
Others are even more pessimistic. Predictions of Bitcoin prices falling below $55,000 reached 60%, while predictions of Bitcoin prices rebounding to $100,000 fell to 54%. Meanwhile, at the beginning of 2026, the futures trading market was 80% optimistic that Bitcoin would return to $100,000.
These predictions reflect the bearish sentiment in the current cryptocurrency market. This situation is quite brutal for novice investors and those who fell to FOMO (fear of missing out).
What is the best strategy for dealing with a bear market? Learn more in the article What is Bear Market: Definition, Characteristics, and Strategies to Face It in the Crypto World.
