Bitcoin declined again on Tuesday, continuing its recent downward trend as uncertainty surrounding U.S. trade policy and broader market risks weakened investor confidence.
The world’s largest cryptocurrency fell 0.9% to $64,169.6 by late afternoon trading, after dropping as low as $62,650 earlier in the day.
The broader cryptocurrency market also moved lower, with both institutional and individual investors continuing to reduce their holdings. Ongoing geopolitical tensions and weakness in technology stocks linked to artificial intelligence further dampened sentiment.
Bitcoin Now About 50% Below Peak Levels
Bitcoin is currently trading roughly 50% below its all-time high of $126,186 reached in October. The cryptocurrency has faced sustained selling pressure since then, with tighter regulations and reduced investor demand weighing on prices.
A major corporate holder recently purchased an additional 592 Bitcoin, but the asset remains below the company’s average purchase price of $76,020, leaving it with unrealized losses.
Blockchain data from analytics firms showed that large holders, often called “whales,” continued transferring significant amounts of Bitcoin to exchanges. Such movements typically signal intentions to sell, adding further downward pressure on prices.
Meanwhile, institutional investors have steadily withdrawn funds from Bitcoin exchange-traded products, marking five consecutive weeks of outflows. This trend reflects ongoing caution among large investors.
Altcoins Follow Bitcoin’s Decline
Most alternative cryptocurrencies mirrored Bitcoin’s losses. Ether traded near $1,857, remaining close to recent lows. XRP, BNB, and Cardano also declined, while Solana showed modest gains.
Among meme-based cryptocurrencies, Dogecoin moved lower, while another politically themed token posted slight gains.
Overall, the cryptocurrency market remains under pressure due to continued selling, weak investor demand, and uncertainty in global financial and political conditions.
