Bitcoin Price Drops to 15-Month Low Amid Market Selloff

Bitcoin Hits 15-Month Low in Broad Market Downturn

Bitcoin's price fell to approximately $72,000 on Wednesday, marking its lowest point in 15 months. The decline of up to 5.4% is part of a wider global market selloff, with the cryptocurrency now down over 40% from its October 2025 peak.

Global Selloff Fuels Crypto Decline

The recent drop in Bitcoin appears linked to widespread market pressure rather than crypto-specific issues. Global indices faced significant selling, exemplified by the Nasdaq 100, which lost over 2%. This downturn affected rate-sensitive sectors, including software companies and chipmakers, indicating broad investor risk aversion.

Impact on Digital Assets and Investor Sentiment

The synchronized selloff highlights the increasing correlation between cryptocurrencies and traditional financial markets. As investors retreat from riskier assets amid economic uncertainty, digital currencies like Bitcoin are experiencing heightened volatility. The last time Bitcoin traded at this level was on November 6, 2024.

Outlook and Key Factors to Watch

The current market environment suggests that Bitcoin's price action will remain closely tied to macroeconomic trends and investor sentiment in traditional markets. Traders will be closely monitoring global indices and central bank policies for signals of a potential market recovery or further declines.

FAQ

Q: What was the lowest price Bitcoin reached during this drop?

A: Bitcoin fell as much as 5.4% to $72,047, its lowest level in 15 months.

Q: Is this drop only affecting cryptocurrency?

A: No, the decline is part of a broader market selloff affecting global assets, including major stock indices like the Nasdaq 100.

Source: Investing.com