- Bitcoin fell below $75,000 to its lowest level since April 2025, extending a four-month losing streak and a 40% drop from its peak.
- Ethereum also slipped below $2,200 as weak demand and rising liquidations pressured the broader crypto market.
Bitcoin has slipped below $75,000, marking its lowest price since April 2025 and signaling continued strain across the cryptocurrency market. The decline reflects fading investor confidence and persistent selling pressure, with limited demand helping stabilize prices.
According to CoinMarketCap data, Bitcoin was trading at $74,859.9 as of 3:30 a.m. GMT on Monday, Feb. 2, down nearly 5% on the day. This drop places the world’s largest cryptocurrency roughly 40% below its 2025 peak, underscoring the severity of the ongoing downturn.
A Multi-Month Slide That Shows No Relief
Bitcoin’s recent move extends a losing streak that has now lasted four consecutive months. In January alone, the asset shed about 11%, adding to losses that began with a sharp downturn in October 2025. This marks the longest stretch of monthly declines since 2018, a period remembered for the collapse that followed the 2017 initial coin offering boom.
The current pullback mirrors earlier episodes when broader macroeconomic pressures weighed heavily on digital assets. In April 2025, trade tensions involving the United States pushed Bitcoin and the wider crypto market into bearish territory. The return to similar price levels highlights how vulnerable the market remains to shifts in sentiment and global economic uncertainty.
Ethereum and Altcoins Feel the Pressure
The weakness has not been confined to Bitcoin alone. Ethereum, the second-largest cryptocurrency by market value, has also come under significant pressure. Prices fell below the important $2,200 level, signaling broader stress across major digital assets.
Such synchronized declines often point to structural issues affecting the entire market rather than isolated problems with individual tokens. As risk appetite fades, investors tend to reduce exposure across the board, amplifying downward moves.
Liquidations Accelerate as Confidence Wanes
The latest downturn has been accompanied by a rise in liquidations throughout the crypto market. Bloomberg reports that the absence of strong buying interest has left prices vulnerable, allowing forced sell-offs to gather pace. When leveraged positions unwind rapidly, price declines can intensify, creating a feedback loop that further weakens confidence.
For now, the market appears stuck in a cautious phase, with traders waiting for clearer signals before committing fresh capital. Until demand returns in a meaningful way, Bitcoin and other major cryptocurrencies may continue to face headwinds, keeping volatility elevated and sentiment fragile.
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