Bitcoin price fell to a little above $65,000 today. The move came after news that Donald Trump would return to the White House at the end of 2024. This news wiped out the gains Bitcoin had since the election. In simple words, the price is back down after a rise tied to election news.
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Right now, Bitcoin has dropped almost $25,000 since last Wednesday. It has lost nearly 50 percent of its value from the all-time high reached in early October 2025. An all-time high means the highest price the asset has ever reached up to that date.
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Many people wonder why the price is falling. It does not look like a problem with Bitcoin technology or with the overall crypto market. Instead, analysts say the move is driven by emotion. When investors feel worried or optimistic, they buy or sell quickly. This type of move is called emotional selling. The Kobeissi Letter, a finance newsletter, says the current price drop looks like a broad, emotional rush of selling by many investors who are acting on feelings, not on facts about Bitcoin itself.
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Breaking: Bitcoin falls below $66,000 for the first time since October 2024, and this week alone it is down about $11,000. This pattern supports the idea that emotions are driving prices more than clear business reasons.
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Some traders have been outlining possible bottoms. One trader named Doctor Profit has warned of a big crash and says they have placed large buy orders around $57,000 to $60,000. They plan to hold for 2–3 months and do not plan to buy higher than that. They say that $57k–$60k could be a good entrance to make money in the short term before prices may go lower again.
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Another trader, MMCrypto, says the bear market is real but with a time limit. They believe the current bear market is close to its end in terms of time. They expect the last capitulation move to continue for a bit. After what they call MAX PAIN, the market could turn around. They write that they are getting ready for profits and that money making time is approaching.
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Outside Bitcoin, other coins called altcoins are also dropping a lot. XRP, the native token of the XRP Ledger, is the worst performer for a reason not fully explained here. XRP has fallen about 20% in 24 hours and now trades below $1.25. XRP is the native token of a platform launched in 2012 by Ripple Labs. It is used for fast settlement of payments using a consensus protocol.
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The story is reported by CryptoPotato. Markets can move quickly and a drop like this is common during periods of high volatility. Investors should be careful and do their own research before buying or selling cryptocurrency.
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Glossary
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- Bitcoin is the first decentralized cryptocurrency created in 2009 by the pseudonymous Satoshi Nakamoto. It operates on a peer-to-peer network with a public blockchain; transactions are validated through cryptography and mining (proof of work).
- Bear market is a market trend characterized by falling prices; the terms bull market and bear market describe upward and downward trends, with a bear market typically implying prolonged price declines (often defined as a drop of 20% or more from a recent peak).
- XRP is the native token of the XRP Ledger (also called the Ripple Protocol), a cryptocurrency platform launched in 2012 by Ripple Labs. It enables fast settlement using a consensus protocol.
- Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography and a decentralized ledger such as a blockchain. Cryptocurrencies are not controlled by any central authority and are traded on various networks.
- Donald Trump is an American politician and businessman who served as the 45th president of the United States (2017–2021).
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