Bitcoin fell below $76,000 in early February, hitting its lowest level since early April 2025, amid weakening demand and thinning liquidity. The cryptocurrency has been under pressure lately, dropping about 40% below its October peak. In January, Bitcoin declined by almost 11%, marking its fourth consecutive monthly drop, the longest losing streak since 2018, during the crash that came after the 2017 initial coin offering boom. Selling pressure was further reinforced by significant outflows from US spot Bitcoin ETFs, which recorded $1.49 billion in net withdrawals during the final week of January. At the same time, global uncertainty drove investors toward traditional safe-haven assets such as gold and silver, leaving risk-sensitive assets, including cryptocurrencies, vulnerable to selling. Other major tokens also faced increased selling pressure, with Ether falling to an eight-month low and Solana dropping to its lowest level in two years.
