Bitcoin Market Plunges to One-Year Low
Bitcoin's price reached $63,000 on Thursday, marking its lowest point in over a year. This figure represents half of its peak value of $126,000, recorded in October 2025.
Bitcoin's price reached $63,000 on Thursday, marking its lowest point in over a year.
A sustained decline in cryptocurrency prices has impacted shares of companies with significant Bitcoin investments, contributing to broader stock market concerns. According to CoinGecko data, the global cryptocurrency market has seen a $2 trillion reduction in value since early October.
The global cryptocurrency market has seen a $2 trillion reduction in value since early October.
Historical Context and Recent Decline
Bitcoin's value increased during Donald Trump's presidency from 2024 through 2025, with its price rising in conjunction with industry-favorable policies. The cryptocurrency reached $100,000 in December 2024 and a record high of $126,210.50 on October 6, 2025 (Coinbase data). Bitcoin's valuation has subsequently declined over recent months, with notable drops in January and early February.
Market-Wide Impact and Other Cryptocurrencies
Companies with substantial Bitcoin investments have experienced losses during the recent market sell-off. Cryptocurrency ventures associated with the Trump family and traded on the stock market also registered value decreases following Bitcoin's decline.
Bitcoin, established after the 2008 financial crisis as an alternative to traditional banking and payment systems, is the leading cryptocurrency by market value. Ether, the second-largest cryptocurrency, has experienced losses exceeding 30% this year, following its relatively lower growth during the 2025 market expansion.
Bitcoin, established after the 2008 financial crisis as an alternative to traditional banking and payment systems, is the leading cryptocurrency by market value.
Regulatory Scrutiny and Political Allegations
The cryptocurrency market also faces regulatory scrutiny. Concerns have been raised by some Democrats and oversight groups in the US regarding potential conflicts of interest involving former President Trump and cryptocurrency, as well as the regulatory environment under the current administration.
On Wednesday, US Representative Ro Khanna stated his intention to investigate World Liberty Financial. This follows Wall Street Journal reports alleging that a member of the Emirati royal family provided $500 million in backing to a Trump family cryptocurrency company. Khanna issued a statement suggesting the reported transaction 'may have contributed to changes to US policy'.
Khanna issued a statement suggesting the reported transaction 'may have contributed to changes to US policy'.