By Derek Hwang
Bitcoin moved down to roughly $72,000 on Wednesday, marking its lowest price since early November 2024 and continuing a multi-month descent from its October 2025 peak. The world’s largest cryptocurrency recorded a decline of as much as 5.4%, touching $72,047 and reaching a level not seen since November 6, 2024 - the day after Donald Trump won the U.S. presidential election. Overall, Bitcoin has lost more than 40% of its value since its high in October 2025.
Market participants had already seen cryptocurrency-specific liquidations earlier in the week that contributed to downward pressure. On Wednesday, however, the move lower appeared to be part of a wider market adjustment rather than being confined to digital-asset markets. Global markets experienced synchronized selling, a pattern that pushed major equity indexes lower and coincided with the slide in Bitcoin.
Within equities, the Nasdaq 100 fell by over 2% as losses spread across software companies, semiconductor makers and other sectors described in market coverage as rate-sensitive. That broader equity weakness appeared to coincide with the cryptocurrency’s renewed decline, suggesting the day’s moves reflected cross-asset risk aversion rather than only crypto-specific factors.
The combination of earlier crypto-focused liquidations and then a broader market selloff left Bitcoin at a 15-month low. The decline underscores the cryptocurrency's sensitivity to both intra-crypto market dynamics and episodes of wider financial-market stress, as risk assets across different markets moved lower in tandem on the day.
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