Bitcoin Price Tumbles Below $75,000, Reaching Lowest Level Since April 2025
In a significant downturn for the cryptocurrency market, Bitcoin price today has nosedived below the $75,000 mark, hitting its lowest point since April 2025. This sharp decline reflects a broader selloff in digital assets, driven by a lack of momentum and lingering economic concerns.
Current Bitcoin Price and Market Data
According to real-time data from CoinMarketCap, Bitcoin was trading at $74,683.63 at approximately 9:15 am IST on Monday, 2 February 2026. This represents a notable drop, pushing the cryptocurrency into territory not seen in nearly a year. The fall below $75,000 marks a critical psychological threshold for investors and traders, signaling potential bearish trends ahead.
Reasons Behind the Bitcoin Price Fall
The recent selloff in Bitcoin and the broader cryptocurrency market can be attributed to several key factors:
- Absence of Market Momentum: A lack of positive catalysts or bullish news has left the market vulnerable to selling pressure, with investors pulling back amid uncertainty.
- Trade Tensions and Economic Factors: Similar to the conditions in April 2025, when trade tensions triggered by the United States led to a bearish zone, current global economic dynamics are contributing to the downturn. These tensions often impact risk assets like cryptocurrencies, causing volatility and declines.
- Accelerated Selloff: The pace of the selloff has intensified as more participants exit positions, exacerbating the price drop and creating a feedback loop of negative sentiment.
This development is part of a broader trend in the cryptocurrency space, where digital currencies are increasingly influenced by macroeconomic events and investor behavior. As the situation evolves, market watchers are closely monitoring for updates and potential rebounds.
Note: This is a developing story, and further updates may provide additional insights into the market movements.
