Bitcoin slumps below $65,000 — lowest in over a year. Here’s what experts expect from crypto markets

Bitcoin price today: The world’s largest cryptocurrency, Bitcoin slumped below $65,000 — its lowest price in over a year, and since United States President Donald Trump took over the White House for a second term mid extreme fear and selling pressure.

At time of writing, Bitcoin was priced at $64,352.40, down 33.82% over the past year, and down 9.84% over the past 24 hours, according to data on CoinMarketCap. The token reached record high $1,26,000 level in October 2025 but has been in a freefall since.

Further, market capitalisation of the token was $1.28 trillion, down 9.78% over the past 24 hours; and trading volume at $143.98 billion, up 103.09% over the period.

Bitcoin dominance was at 58.2% (down 0.02%), second largest token Ethereum holding 10.4% of the pie (down 2.01%), and the remaining tokens comprising 31.5% of the markets (up 2.04%).

What triggered the Bitcoin, crypto market slump?

According to the CoinDCX Research Team, this is “more a capitulation phase where traders tend to remain in FUD (fear, uncertainty and doubt).”

“Small correction often leads to huge pullback. Moreover according to some reports the institutions were extremely hopeful after Trump entered White House. But instead of strengthening markets, his approach has increased market volatility, specifically bitcoin. Hence, investors may be pulling out,” they added.

Data analysis on the platform showed that the slump was due to broad market sell-off largely driven by a correlated macro downturn in the traditional markets — with investors moving across asset classes.

More than $1.03 billion in BTC positions were liquidated in 24 hours, a 230% spike from the prior day, with longs making up 89% of the total. This forced selling pressured prices lower.

Technically, BTC broke and closed below the key 78.6% Fibonacci retracement level at $63,047.05 on massive volume (up 110%). “A cascading liquidation event amplified the drop, while a key technical breakdown confirmed bearish momentum,” the analysis stated.

In the near-term, the CoinMarketCap analysis’ market outlook was thus: “If BTC holds above the $63,047 Fibonacci support, a relief bounce toward $67,020 is possible; a break below risks a deeper slide toward $60,074. Watch for a stabilization in US equity futures.”

Crypto market prices today: Check rates for Ethereum, Tether, XRP, Binance

The overall crypto market is in the red, with market cap down to $2.23 trillion and trading volume of $304.02 billion. Data on CoinMarketCap showed the Fear and Greed Index at ‘Extreme Fear’ level.

• Ethereum was at $1,908.69 (down 8.85% over the past 24 hours), with market cap of $230.47 billion (down 8.66%) and trading volume of $70.96 billion (up 48.52%).
• Tether was at $0.9988 (down 0.08%), with market cap of $185.5 billion (down 0.08%) and trading volume of $249.65 billion (up 70.01%).
• Binance was at $619.16 (down 10.49%), with market cap of $84.42 billion (down 10.41%) and trading volume of $5.51 billion (up 56.85%).
• XRP was at $1.27 (down 12.02%), with market cap of $77.48 billion (down 11.7%) and trading volume of $13.05 billion (up 165.05%).

According to CoinDCX:

The crypto market has officially entered a bearish phase, with most of the cryptos plunging to their lower threshold. Bitcoin marked an intraday low at $60,000, while Ethereum was around $1,740. Solana dropped heavily below $68, while XRP sustained above $1.1. Dogecoin plunges below $0.09 but Hyperliquid displays strength as it surges by 3.75% to trade close to $35. Along with HYPE, MYX Finance and Decred lead the top gainers with 8.32% and 7.81% rise. On the other hand, UNUS SED LEO plunges by 26.2%, followed by Monero by 21.29%, Optimism by 19.28% and Jupiter by 18.11%.

The latest plunge has wiped out more than $350 billion from the markets, with over $2.2 billion in longs liquidated. BlackRock’s ETF IBIT hits $10 billion in daily volume as the BTC price slumped over 13%. Tether invests $150 million in Gold.com, acquiring a 12% stake to integrate a gold-backed stablecoin. Bitwise files S-1 for a Uniswap ETF with the SEC, while Gemini exits the UK, Europe, and Australian markets. Polymarket partners with Circle to upgrade stablecoin infrastructure, bringing USDC settlement to prediction markets. US house lawmakers have launched a probe into WLFI following reports that a UAE-linked entity acquired a $500M stake.