#我在Gate广场过新年 Bitcoin's sharp decline has spared no one, even industry giants, with a loss of $700 million in a week.
Bitcoin has been rising for so long that people forget it can also fall. Many outsiders have suddenly realized that Bitcoin is now only around $70,000, and other cryptocurrencies have also dropped significantly. Not long ago, Bitcoin's price even touched a 16-month low of $60,062. Compared to the all-time high of $126,000 set in October 2025, this is nearly a 50% drop, and it has fallen nearly 20% since the beginning of this year.
What happened?
Analysts can always find reason