Bitcoin Retreats to $70,000 Threshold: Lowest Level Since November 2024

Bitcoin has retreated to the $70,000 threshold for the first time since November 6, 2024, the date Donald Trump won the U.S.
presidential election.
Testing the $70,612.61 level during the day, Bitcoin is currently trading around $70,715.42, representing a 2.6 percent loss compared to the previous close.
Performance Moving Away from the Peak Bitcoin's price reached an all-time high of $124,457 on August 14, 2025, fueled by Trump's pro-crypto stance.
However, at the current stage, the digital asset has lost 19 percent of its value since the beginning of the year and 30 percent over the last year.
This sharp pullback has caused general market optimism to be replaced by a cautious wait-and-see approach.
Market Sentiment at Extreme Fear Level Andrew Tu, Head of Business Development at crypto market maker Efficient Frontier, evaluated the latest market situation.
Tu stated that investor sentiment is in the "extreme fear" zone due to the decline the market experienced over the past week.
Experts emphasize that if the $72,000 level cannot be maintained, a visit to $68,000 and a potential return to the low levels of 2024 seem highly likely.