Bitcoin hits lowest level since 2024
Digest more
A risk-off mood swept through markets Tuesday as stocks stumbled and bitcoin slumped to its lowest level since November 2024.
Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.
Shares of Strategy ($MSTR) plunged today, dipping more than 8% as Bitcoin traded at new one-year lows. Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.
Long-term bitcoin holders are selling at the fastest pace since August, while some industry observers suggest the market may be approaching a bear-market bottom.
Bitcoin fell as low as about $74,500 early Monday, dipping below Strategy's average purchase price of $76,052 per token.
The bitcoin price has now retraced more than 40% from its all‑time highs reached in late 2025. According to Bitcoin Magazine Pro data, the one-year low for the bitcoin price is $74,747. Bitcoin is dancing near that number.
Bitcoin prices dropped to less than $75,000 on Sunday, February 1, reaching their lowest point since April 2025 as multiple variables combined to fuel losses.
'This is absolutely INSANE': Bitcoin’s weekend crash exposes the cracks beneath crypto’s latest boom
While no one has fond memories of the 2022 crypto winter — with the price of bitcoin falling 80% — the timeline was relatively brief, roughly one year from the blowoff top to the bottom. From there, bitcoin quickly doubled in price, rose through 2023, and ultimately hit a new record in early 2024.
Following a disastrous weekend session, altcoins are seeing a timid recovery but remain well below last week's levels. Read more