Bitcoin prices continued to decline today, briefly falling below the $73,000 mark during trading and reaching a low of $72,884, hitting a new low since the 2024 U.S. elections. According to crypto.news data, BTC has fallen approximately 3.55% over the past 24 hours, retracing nearly 40% from its all-time high of $126,080 in October 2025. Multiple macroeconomic and market factors have combined to create the core background for this downward movement.
First, expectations for monetary policy have shifted toward a more hawkish stance. U.S. President Trump nominated Kevin Warsh as the next Federal Reserve Chair, sparking concerns in the market about a prolonged high-interest-rate environment. Warsh is viewed as a hawkish figure who may continue tightening policies, prompting capital to exit high-risk assets like Bitcoin. Meanwhile, tensions between the U.S. and Iran have escalated, and global trade frictions have intensified again, leading safe-haven funds to flow into gold and silver. The “digital gold” attribute of Bitcoin has not been able to play a role in the short term.
Second, technical factors and derivatives markets have intensified selling pressure. After BTC broke below $75,000, it triggered widespread stop-losses and forced liquidations. In the past 24 hours alone, over $525 million in long positions have been liquidated in the crypto market, with Bitcoin accounting for $214 million, creating a chain reaction of selling pressure. At the same time, spot Bitcoin ETF fund flows have significantly cooled down. Data from SoSoValue shows that net outflows from related products over the past three months have exceeded $6 billion, indicating a clear decline in institutional risk appetite.
Additionally, the market is awaiting key U.S. labor data. Upcoming non-farm payrolls and unemployment rate reports will influence the Federal Reserve’s interest rate path. If the data is strong, the dollar could strengthen further, potentially continuing to suppress Bitcoin; if the data is weak, it could provide some relief for risk assets.
Kadan Stadelmann, CTO of Komodo Platform, pointed out that in the context of ongoing panic sentiment and macroeconomic uncertainty, Bitcoin may test lower levels. However, he also believes that institutional participation and long-term fundamentals still provide important support for BTC.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bloomberg Analyst: IBIT has achieved net inflows turning positive for the year, with BTC investors being more resilient than gold investors
Bloomberg analyst Eric Balchunas noted that Bitcoin spot ETFs saw net inflows of $2.5 billion this month, approaching to fill the year's funding outflow gap. Despite Bitcoin's price dropping about 40%, investors' willingness to hold remains strong, indicating market resilience.
金色财经_19m ago
Rising US treasury yields, war in Iran, rising inflation risk pressure Bitcoin price
Key takeaways:
Investors dumped gold and bonds for cash as war-driven oil spikes and inflation forced a defensive market stance.
Rising yields and a 20% rate hike chance signal a tight outlook, leaving Bitcoin vulnerable amid soaring US debt.
Bitcoin (BTC) retested the $67,500
Cointelegraph26m ago
Hedera and Bitcoin Price Prediction Strengthens As PayPal and SEC Lead Today’s Crypto News – APEM...
The crypto market is gaining renewed confidence as major assets like Bitcoin and Hedera continue to show resilience amid institutional activity. Bitcoin’s ability to hold above key levels while Hedera attracts enterprise-driven interest is reinforcing bullish sentiment. This environment is pushing i
BlockChainReporter1h ago
Strategy Holds Strong With $53.5B In Bitcoin Amid 50% Market Drawdown
_MSTRStrategy holds about $53.5B in Bitcoin, equal to 3.6% of total supply after a 50% market decline in recent months._
_Bernstein keeps a $150K Bitcoin price target for 2026 while noting BTC may have reached a market bottom._
_Strategy raised $7.3B in 2026 to expand Bitcoin holdings,
LiveBTCNews1h ago
21Shares: Actively Managed Crypto ETPs Emerge as New Investment Trend, Global Active ETF Assets Near $1.8 Trillion
21Shares President Duncan Moir stated that actively managed crypto ETPs will become a new market trend, with global assets expected to reach 1.8 trillion dollars by 2025. 21Shares emphasized combining autonomous strategy to manage risk and has launched products linked to high-yield strategies. Market demand for complex structures and staking products is growing, and Duncan Moir pointed out the need to develop new products based on internal research and market trends.
GateNews1h ago
Canadian-listed fintech company DELX plans to launch Bitcoin treasury strategy
Jinse Finance reported that on March 24, Canadian-listed fintech company Delphx Capital Markets Inc (ticker: $DELX) just announced plans to launch a Bitcoin treasury strategy and will purchase 50 million dollars worth of Bitcoin.
金色财经_2h ago
