Bitcoin Drops Below $65,000: Sharp Sell-Off Hits Crypto Market

Sharp Sell-Off in the Cryptocurrency Market Bitcoin fell below the $65,000 level on Monday, February 23, 2026, following a decline of more than 5%.
The leading cryptocurrency, which reached an all-time high of $125,000 in October of last year, has lost more than 47% of its value since that peak.
Having made a weak start to 2026, Bitcoin's total losses since the beginning of the year have reached 26%.
Key Factors Triggering the Decline Market experts and BTSE executive Jeff Mei state that global economic uncertainties and geopolitical risks are behind the current decline.
The U.S.
administration's sudden move to increase customs tariffs has created expectations of a deep economic recession among investors.
This environment of uncertainty has led investors to rapidly convert their crypto assets into cash.
Geopolitical Tensions and Market Divergence Military activity in the Middle East and growing concerns regarding global trade flows have been other critical factors increasing selling pressure in the markets.
This situation indicates that cryptocurrencies are diverging negatively from traditional stock markets and that risk appetite specifically for digital assets is decreasing.