Nancy Guthrie, Bitcoin
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Bitcoin drops 15%, briefly breaking below $61,000 as sell-off intensifies, doubts about crypto grow
Some market watchers have suggested $70,000 is a key level to watch and a break below that could lead bitcoin to decline further.
Polymarket called Bitcoin's crash before it happened and now gives 71% odds of an $85K recovery. Here's what the markets see next for BTC.
Bitcoin slipped below $70,000 on Monday following a roller-coaster ride at the end of last week.
A pair of bitcoin-linked firms could see their shares skyrocket, even as the flagship crypto retreats, due to their pivot to the data center business.
The term 'Bitcoin Reset' refers to a scenario where the market undergoes a deep and meaningful recalibration—resetting price expectations, investor behaviour, institutional engagement, and perhaps even the narrative around what Bitcoin is and should be.
Bitcoin is stuck in a rut even as other risk assets rise on Monday. The token is struggling around $70,000 after a brief rally from last week's lows.
“$50,000 bitcoin is first target support toward $10,000," Bloomberg Intelligence strategist Mike McGlone wrote in a LinkedIn post, going on to warn that 2026 could be “be reminiscent” of the 2008 global financial crisis and the 2000-1 dot com crash for markets across the board.
The price of bitcoin fell more than 10% on Thursday.
Trading data show a broad risk-off unwind, with spot volumes on major exchanges down about 30% since late 2025 and retail participation fading
The current price range, even after the rebound, also provides a challenge for Bitcoin miners. As CoinDesk reports, the current Bitcoin price is well under the average cost of $87,000 to mine a single Bitcoin. The outlet notes that this has traditionally been one of the signs of a bear market.
Bitcoin nearly grazed $60,000 on Thursday as investors shied away from the asset due to growing concerns over its utility.