The bitcoin price extended its steep decline today after a multi-month long slide that erased more than half of its value from its October peak, with the bitcoin price now trading near $66,000 following a sharp sell-off that pushed prices toward $60,000.

Since roughly December 2025, the bitcoin price has followed a pretty straightforward downward trajectory, falling from levels above $100,000 into a volatile range that has kept traders focused on whether the market has reached a durable floor.

Bitcoin price dropped below the psychological mark of $70,000 on Feb. 5, triggering intense selling pressure across spot and derivatives markets. The decline has been driven by…

Read more on BitcoinMagazine