"October is usually a month for innocent frights and fun scares, but for Bitcoin investors, this month has left many holding the token legitimately fearful. In the last 24 hours alone, the cryptocurrency king has lost nearly 7% of its value. Bitcoin is currently sitting at below $104,000 per token. That's especially notable considering that the cryptocurrency hit an all-time high of more than $126,000 just 12 days ago. Here's what you need to know about Bitcoin's most recent crash."
"Bitcoin has been on a wild ride in 2025. The token began the year with considerable faith from investors, largely due to the incoming Trump administration, which clearly favored cryptocurrencies more than any other presidential administration before it. In the weeks surrounding Trump's inauguration, Bitcoin spiked, going from a January low of around $91,000 to above $106,000 on the day Trump was sworn in for his second term."
"But as Trump's "Liberation Day" tariffs loomed and roiled markets in March and April, Bitcoin slumped, reaching lows of nearly $76,000 at the beginning of April. Yet, into and over the summer, Bitcoin steadily rose. By August, it had hit a high of over $123,000, and by October 5 of this year, it had hit an all-time high of $126,198."
Bitcoin dropped nearly 7% in 24 hours to below $104,000, after reaching an all-time high of $126,198 twelve days earlier. The token began 2025 with investor optimism tied to the incoming Trump administration, rising from about $91,000 in January to above $106,000 on inauguration day. Trump's "Liberation Day" tariffs contributed to a March–April slump to nearly $76,000. Bitcoin recovered through the summer, surpassing $123,000 by August and peaking on October 5. The recent decline has accelerated in the past 24 hours. Ongoing geopolitical conflicts, including Russia–Ukraine and Israel–Hamas, have introduced market uncertainty that weighs on cryptocurrency values.
Read at Fast Company
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