The Bitcoin value has additional prolonged its decline on the day, falling to a brand new yearly excessive of $67,000 as bear market jitters proceed to set in. Amid this Bitcoin crash, the crypto market has now erased over $ trillion from its market cap because it hit a document excessive above $4 trillion in October 2025.
Bitcoin Crash Extends as BTC Drops To $67,000
TradingView data reveals that the main crypto by market cap has now crashed to $67,000, down nearly 7% from an intraday excessive of round $72,000. This comes amid bear market fears, with BTC now down over 23% year-to-date (YTD).
The crypto market crash has additionally led to over $1.4 billion in liquidations during the last 24 hours, in accordance to CoinGlass information. Long positions account for many of those liquidations, with $1.23 billion in longs worn out, whereas $201 million in liquidations had been brief positions.
Experts predict that this Bitcoin crash may additional prolong, with value targets of as low as $38,000. Investment financial institution Stifel predicts that BTC may drop to $38,000 based mostly on previous cycle tendencies, and macro elements such as the Fed’s hawkish pivot, slowing crypto regulation, and shrinking liquidity.
Veteran dealer Peter Brandt additionally predicted that the main crypto may drop to $63,000 subsequent, whereas setting a longer-term goal of $54,000 for the way low BTC may drop. However, JPMorgan analysts have suggested buying Bitcoin over gold as a greater long-term funding. These analysts nonetheless predict that BTC may rally above $200,000 sooner or later.
Crypto Market Erases Over $2 Trillion In Market Value
The crypto market has erased simply over $2 trillion in market worth since rallying to a document excessive of $4.3 trillion on October 6, 2025, amid the Bitcoin crash. Notably, that was when the BTC price rallied to its present all-time excessive (ATH) of $126,000, which seemingly marked the highest of the bull market.
This is completely insane:
On October sixth, crypto markets hit a document excessive market cap of $4.3 trillion.
Today, the crypto market is price simply $2.3 trillion, dropping -$2 TRILLION price of market cap in 4 months.
In different phrases, ~46% of crypto’s whole worth has been worn out… https://t.co/M7q4bIZLaC pic.twitter.com/IZ2V10sMBz
— The Kobeissi Letter (@KobeissiLetter) February 5, 2026
October 2025 was additionally when the crypto market noticed $19 billion in liquidations, the biggest ever, through the notorious October 10 crash. BTC has additionally misplaced all of the features that it recorded because the U.S. President Donald Trump received the elections in November 2024.
Meanwhile, high buyers such as Michael Saylor’s Strategy and Tom Lee’s BitMine are actually going through big losses due to the crypto market crash. Strategy is presently sitting on an unrealized lack of nearly $6 billion following the Bitcoin crash to $67,000. BitMine has an unrealized lack of $8 billion on its ETH place as Ethereum is buying and selling beneath $2,000.
