Bitcoin’s price has retreated to approximately $63,000, continuing a broader cryptocurrency market downturn. The asset fell nearly 5% in 24 hours and is on track for its worst monthly performance since June 2022, according to data and reports. Analysts warn a worst-case scenario could see Bitcoin fall to around $38,000, potentially triggering significant market liquidations. The decline, which began in October 2025, is attributed to macroeconomic concerns and a recent liquidity crunch.
The cryptocurrency market continues its decline as Bitcoin (BTC) once again dips to the $63,000 price level. BTC fell to the same mark earlier this month but made a short-lived recovery to $71,000 before returning to bear territory.
According to CoinGecko data, BTC’s price has dropped nearly 5% in the last 24 hours, 6.8% in the last week, and 8.3% in the 14-day charts. Over the previous month, the asset has declined 28.6%. A Bloomberg report states Bitcoin is heading for its worst monthly dip since June 2022.
The current situation remains far better than the 2022 crypto winter when BTC fell to around $15,000. Bitcoin had climbed to a historic $100,000 mark by December 2024, illustrating the market’s cyclical nature.
The current downtrend began in October 2025, triggered by macroeconomic worries. The market took another hit in February 2026 due to a liquidity crunch, with investors adopting a risk-off approach favoring assets like gold and silver.
Analysts at Stifel anticipate Bitcoin could fall to around $38,000. A drop to sub-$40,000 price levels would likely trigger massive liquidations across the cryptocurrency market.
