Bitcoin falling "pointwise", great fear among cryptocurrency investors

Since the beginning of the year, the price of Bitcoin has fallen by 28% and concerns that it could fall below $63.295 are shaking global markets where selling pressure has increased significantly and is spreading significantly.

It appears that political uncertainty regarding United States monetary policy has contributed to investor nervousness and increased market volatility.

Experts also say that the weakening of technology stocks and volatility in the gold and other metals markets are also negatively affecting cryptocurrencies.

They warn that volatility is expected to continue for the foreseeable future. This price plunge to a 16-month low comes despite US President Donald Trump's personal and public support for cryptocurrencies and the fact that not long ago, Bitcoin had reached a historic high of $122.200.

"Those who have overinvested, overborrowed or assumed that prices would only rise are now facing the reality of market volatility and risk," economist Joshua Chu told Reuters.

Investors were encouraged by Trump's commitment to the sector and his outspoken support for cryptocurrencies, as well as promises to ease regulations. Bitcoin is the world's largest and most popular cryptocurrency, a form of digital money that is not controlled by a central financial institution.

One of Trump's first actions after returning to the White House in January 2025 was an executive order to make the US the "cryptocurrency capital of the world."