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Bitcoin price has moved closer to its lowest level in nearly a year as selling pressure returned to the crypto market. The fall came during Asian trading hours and showed rising nervousness among investors. Prices now trade near levels last seen after Donald Trump returned to the White House.
Bitcoin dropped by as much as 2.5% to around $74,541. This level sits just above the April 7, 2025, low of $74,425. By midday in Singapore, Bitcoin remained below $76,000. Traders stayed cautious as global markets showed signs of stress.
January proved difficult for Bitcoin price. The cryptocurrency dropped nearly 11% during the month. This marked the fourth straight monthly fall. Such a long losing streak last appeared in 2018, after the crash that followed the ICO boom. The current trend has raised fresh worries about confidence in the crypto market.
The recent fall followed a sharp weekend sell-off. Thin trading volumes made price moves stronger and faster. At the same time, broader market tension pushed investors away from risky assets. Stocks, commodities, and digital assets all faced pressure.
Market experts warned about important price levels ahead. Caroline Mauron, co-founder of Orbit Markets, said the Bitcoin price is nearing levels seen after major events in April 2025. She noted that a fall below $70,000 could damage long-term confidence. That level remains important as it marks previous cycle highs.
The weakness in Bitcoin price came alongside losses in other assets. Gold continued to fall after posting its biggest drop in more than a decade last week. This showed that investors are pulling back across markets, not just in crypto.
Other cryptocurrencies also moved lower. Ether fell about 2.9%, while Solana slipped nearly 1.2%. These declines showed that pressure spread across the wider crypto market, not just Bitcoin.
Economic and political factors added to the uncertainty. Expectations of a tighter monetary policy supported the US dollar. This reduced interest in high-risk assets like Bitcoin. Trump’s return to office also added to market caution after earlier optimism faded.
Bitcoin price currently remains under pressure and close to its lowest point since Trump’s return. Traders continue to watch the $70,000 level closely. Holding above it may help calm markets. A clear break below could deepen losses and extend the monthly decline.
The next few weeks will be important for the crypto market. Any recovery will depend on stable global markets and improved market sentiment.
Also Read: Crypto Prices Today: Bitcoin Price at $76,282, XRP Drops Below $2 Amid CLARITY Act Uncertainty
