Cryptocurrency prices plummet to historic lows

The price of Bitcoin has fallen significantly in recent weeks, with a 10% drop on Thursday leaving it below $64,000 for the first time since the 2024 Presidential election. This decline comes after the cryptocurrency briefly surpassed $100,000 in November 2024 and reached an all-time high of over $122,000 in October 2025. Bitcoin’s steady slide has been accompanied by a sharp drop in Ethereum’s value, with Ether falling below $2,000 for Ether-focused treasury BitMine, resulting in losses of over $8 billion. The recent price slump suggests that the cryptocurrency market may be entering a period of volatility and uncertainty. Other notable declines include Ethereum’s loss of over 40% since its all-time high in March 2024, while Bitcoin’s value has eroded by nearly 50% from its peak in November 2024. As investors struggle to predict the next move in the cryptocurrency market, some analysts are warning of a potential downturn that could last for months. The recent price drop is also being seen as an opportunity for investors to rebalance their portfolios and prepare for potential further declines. However, others are more bearish on the outlook, predicting that the current slide may be just the beginning of a much larger correction in the cryptocurrency market.