The largest cryptocurrency, Bitcoin, which reached a peak value of $123.8 thousand in October 2025, has since experienced several stages of sharp price decline.
Already in November 2025, Bitcoin was trading around 84 thousand dollars, and over the last week it collapsed to 65 thousand dollars, and during the last day of trading it dropped to 62 thousand dollars.
In fact, Bitcoin has lost half its value from its peak.
According to analysts, the latest drop was a consequence of market doubts that cryptocurrency can serve as “digital gold,” that is, a safe haven asset in times of crisis.
In addition, US Treasury Secretary Scott Bessent testified before the House Financial Services Committee that the Treasury Department does not have the authority to stabilize cryptocurrency markets.
However, it should be noted that this is not the first such price drop in Bitcoin history. It lost 74% of its peak price in 2018, and has suffered two more crashes in 2021 and 2022.