Bitcoin’s value drops once more following a week of significant losses
Bitcoin, the most widely used cryptocurrency globally, has experienced a significant decrease in value following a tumultuous week of trading. The digital currency saw a nearly 14 percent drop in its price on Friday, settling around $62,900 by 01:00 GMT.
This recent decline adds to a series of substantial losses that began the previous weekend when Bitcoin plummeted below $80,000. As of now, the digital currency has lost approximately one-third of its value since the beginning of the year, highlighting the extreme volatility that often characterizes the cryptocurrency market.
Bitcoin’s value surged following the re-election of U.S. President Donald Trump, amid hopes that Washington would implement more crypto-friendly regulations after years of strict enforcement measures. In December 2024, Bitcoin hit a record high of $100,000. However, this upward trajectory was short-lived, and the cryptocurrency began a steady decline from October after reaching an all-time peak of over $127,000.
Efforts to regulate the trading of digital assets in the U.S. Senate have faced challenges due to differing opinions between traditional banks and cryptocurrency companies. Additionally, Trump’s family-owned cryptocurrency firm, World Liberty Financial, attracted attention in Congress following reports of a significant investment deal involving an Abu Dhabi official.
Bitcoin’s recent downturn aligns with a broader trend of market turbulence, with global stocks and commodities undergoing heavy sell-offs. Key indices such as Wall Street’s S&P 500 and the tech-focused Nasdaq Composite faced notable declines, impacting major companies like Amazon, whose shares fell over 11 percent in after-hours trading.
Across the Asia Pacific region, stock markets experienced significant drops, with South Korea’s KOSPI leading the decline at around 5 percent in early trading. Stock markets in Australia and Japan also saw losses exceeding 1 percent and 1.6 percent, respectively. The precious metals market, which had seen substantial gains in 2025, continued its recent string of losses, with gold and silver prices dropping 4 percent and 18.5 percent, respectively.
The ongoing market volatility serves as a reminder of the unpredictable nature of the financial landscape, influenced by factors ranging from geopolitical tensions to regulatory uncertainties. As investors navigate these challenges, they must remain vigilant and adaptive to mitigate risks and capitalize on opportunities in these dynamic markets.
