Bitcoin, the world’s most popular cryptocurrency, has faced a dramatic fall this week, leaving traders and investors unsettled. On Thursday, its price briefly slipped below $61,000, marking a 15% drop in just one day and nearly 30% decline within a week. This sharp correction comes only months after Bitcoin touched a record high of $126,000 in October 2025, showing how unpredictable the crypto market can be.
Market experts believe the fall is linked to weakness in U.S. technology stocks and fading confidence in Bitcoin as a hedge against inflation. Instead of behaving like gold, Bitcoin has been moving in line with risky assets, raising doubts about its true role. Analysts point out that institutional demand has slowed, with U.S. exchange-traded funds turning into net sellers.
Other digital coins are also under pressure. Ether has dropped 33% this week, while Solana has fallen nearly 40%, hitting its lowest point in two years. In contrast, gold has risen 61% over the past year, highlighting Bitcoin’s underperformance compared to traditional safe-haven assets.
Forced liquidations worth $2 billion have added to the panic, showing how fragile the market remains. With Bitcoin breaking below the psychological $70,000 mark, experts warn that prices may slide further into the $60,000–$65,000 range. For Indian investors, this is a reminder that crypto remains highly volatile and should be approached with caution.