The price of the king cryptocurrency Bitcoin has now fallen to below $61,000, representing a 42% dip in the last 365 days. This also marks a 50% decline since its all-time high of $126k seen in September 2025, ten months ago. Some of the largest Bitcoin holders in the world, including Strategy (MSTR) and key crypto exchanges, are now sitting at a loss, losing out on billions worth of BTC with the latest decline. As a result, there are growing concerns that BTC will fall below $60,000 for the first time since September 2024.
Additionally, bitcoin’s key catalyst for renewed investor interest, the crypto market structure bill known as the Clarity Act, is drifting further out of reach as legislative priorities shift and lawmakers remain divided on key provisions of the bill. While many expected the bill to be passed sometime this summer, that timeline is being stretched further. Once the Clarity Act is passed, crypto will surely climb; however, some fear that by then it will be too late for Bitcoin to recover.
For traders, BTC’s price is now testing a major support block at $60K, which previously acted as a strong rebound area following the February capitulation. This zone represents the last major defense for bulls before the market opens the door toward significantly lower levels. Should Bitcoin fall to the $50,000 price range, there may be no turning back for some time. Alternatively, some investors see now as a point to buy BTC at the cheapest it may ever be.
Recently, Real Vision founder Raoul Pal pointed to a bigger picture:
“When more people are scared off by short-term fluctuations, the real opportunity lies in long-term liquidity and network effects.”
The historical record does offer some context for anyone weighing whether to buy the dip right now. This is the fifth time Bitcoin has seen a drawdown of this magnitude, and it recovered from all four previous ones to go on and hit new all-time highs. That said, Bitcoin ETFs also logged their 11th straight day of net outflows on Monday. Furthermore, on-chain data shows the broader crypto market cap slipping back below $2.5 trillion for the first time since April.
