Bitcoin fell to around $62,500 on Friday, marking a weekly decline of more than 15%. According to CNBC’s analysis, this price represents a roughly 50% drop from its all-time high of $126,000 set in September 2025, refocusing market attention on the key psychological level of $60,000.
Fell to the lowest level since April
Earlier this week, Bitcoin dropped to its lowest level since early April. Reports noted that market sentiment was dampened after publicly traded company Strategy sold a small portion of its Bitcoin holdings, leading to increased selling pressure.
Currently, Bitcoin remains above $60,000. The last time it fell below this level was on September 18, 2024.
- The latest price is approximately $62,500.
- Weekly decline of more than 15%
- Down approximately 50% from the historical high
The pullback in tech stocks has weighed on risk appetite.
In addition to factors within the crypto market itself, the weakness in technology stocks has also been seen as a contributing backdrop to this downturn. After Broadcom missed earnings expectations, the semiconductor sector came under pressure, leading to a cooling of the previously sustained rally in tech stocks.
Some market participants believe that part of the speculative capital is shifting toward AI stocks and memory chip sectors, particularly Korean-related assets. Meanwhile, the market is also absorbing expectations that large IPOs may divert retail investment funds.
Correlation with U.S. stocks has changed
Some strategists previously noted that Bitcoin’s correlation with the Nasdaq and S&P 500 had risen significantly. However, Rajiv Sawhney of Wave Digital Assets said this synchronicity has noticeably weakened over the past few weeks.
His assessment is that, despite global stock markets—particularly technology stocks—continuing to hit new highs, Bitcoin has not followed suit and instead has moved independently lower. This suggests that the current pressure on the crypto market does not stem entirely from synchronized movements in traditional risk assets.
Regulatory tailwinds failed to reverse the downward trend.
The report also noted that the U.S. Senate has approved the Clarity Act. If enacted, it would become one of the first comprehensive pieces of legislation for the U.S. cryptocurrency industry.
However, positive policy developments have not yet altered the price movement. The short-term market is more focused on capital flows, changes in risk appetite, and whether Bitcoin can hold the area around $60,000.
Some institutional participants believe the current pullback is still a temporary adjustment and view this level as an opportunity to accumulate on dips. However, based on market activity, there has been no clear sign of a rebound from bottoming.