The Bitcoin worth 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 knowledge exhibits that the main crypto by market cap has now crashed to $67,000, down virtually 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 over the past 24 hours, in keeping with CoinGlass knowledge. Lengthy positions account for many of those liquidations, with $1.23 billion in longs worn out, whereas $201 million in liquidations had been brief positions.
Consultants predict that this Bitcoin crash might additional prolong, with worth targets of as little as $38,000. Funding financial institution Stifel predicts that BTC might drop to $38,000 primarily based on previous cycle traits, and macro components such because the Fed’s hawkish pivot, slowing crypto regulation, and shrinking liquidity.
Veteran dealer Peter Brandt additionally predicted that the main crypto might drop to $63,000 subsequent, whereas setting a longer-term goal of $54,000 for the way low BTC might drop. Nonetheless, JPMorgan analysts have urged shopping for Bitcoin over gold as a greater long-term funding. These analysts nonetheless predict that BTC might rally above $200,000 in some unspecified time in the future.
Crypto Market Erases Over $2 Trillion In Market Worth
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 worth rallied to its present all-time excessive (ATH) of $126,000, which doubtless marked the highest of the bull market.
That is completely insane:
On October sixth, crypto markets hit a document excessive market cap of $4.3 trillion.
Right this moment, the crypto market is price simply $2.3 trillion, shedding -$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, in the course of the notorious October 10 crash. BTC has additionally misplaced all of the features that it recorded because the U.S. President Donald Trump gained the elections in November 2024.
In the meantime, high buyers reminiscent of Michael Saylor’s Technique and Tom Lee’s BitMine are actually dealing with big losses because of the crypto market crash. Technique is presently sitting on an unrealized lack of virtually $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.
