Bitcoin fell to a 16-month low on Friday.
According to sources, the cryptocurrency experienced extreme volatility during the day, dropping to a low of $60,008.52 before rising to $64,153.24, closing with a 1.64 percent gain. This marked the lowest price since October 2024. Sources noted that Bitcoin has been trending downward since October 2025, which could indicate a major market risk or may simply be coincidental. Large and heavily leveraged positions are being liquidated very quickly.
During the same period, Ether also fell to a 10-month low of $1,751.94, before recovering to trade at $1,891.27, up 2.4 percent.
Data shows that the global cryptocurrency market has lost nearly $2 trillion after reaching a peak of $4.379 trillion at the start of October, with over $1 trillion lost in the past month alone.
Sources indicate that Bitcoin could drop another 16 percent this week, which would bring its losses for the year so far to 27 percent. Ether is also heading for a weekly decline of 17 percent, with yearly losses reaching 36 percent.
The performance of the crypto market has been influenced by selling pressure in global stocks and precious metals. Leveraged buying and speculative investment in gold and silver have also contributed to volatility in the market.
