Bitcoin extended its four-month decline on Wednesday, sliding to its lowest level of 2025 despite expectations that a pro-cryptocurrency stance from the White House would support digital assets. The world’s largest cryptocurrency has now fallen nearly 40% from its record high, underscoring persistent selling pressure across the broader crypto market.
According to reports, Bitcoin dropped to as low as $74,424.95 during the session, marking its weakest level this year. The decline comes amid heightened volatility and risk aversion in global markets, with investors continuing to pare exposure to speculative assets. Bitcoin’s previous notable low was recorded in April, when U.S. President Donald Trump’s announcement of reciprocal tariffs unsettled global financial markets.
The downturn in Bitcoin has weighed heavily on the wider cryptocurrency ecosystem. Data from CoinGecko showed that the total market capitalisation of cryptocurrencies has fallen by $467.6 billion since January 29, highlighting the scale of the recent sell-off. The erosion in market value has persisted despite policy signals from the Trump administration that are widely viewed as supportive of digital assets.
Also Read: SEBI Chairperson Confirms No Immediate Additional Restrictions on F&O After STT Hike
Market participants had initially expected that a more favourable regulatory and political environment in the United States would help stabilise prices and attract institutional interest. However, analysts note that broader macroeconomic concerns, including global trade tensions, tighter financial conditions, and profit-taking after last year’s strong rally, have continued to overshadow policy optimism.
Bitcoin did recover modestly from its intraday lows, rebounding about 1.31% to trade near $76,681.72 later on Wednesday. Still, sentiment across crypto markets remains cautious, with investors closely watching macroeconomic developments and regulatory signals for clearer direction on whether digital assets can regain momentum in the coming months.
Also Read: Budget 2026 Proposes Five-Year Tax Relief For Non-Resident Experts In Tech Sector