Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.

The original cryptocurrency recovered slightly on Monday.

The price of bitcoin fell about 10% over the past week.

Bitcoin prices dropped to less than $75,000 on Sunday, February 1, reaching their lowest point since April 2025 as multiple variables combined to fuel losses.

Bitcoin is deep in a bear market, down about 37% from its October peak. January 30 marked the 10th largest liquidation event in the token's history.

Bitcoin fell as low as about $74,500 early Monday, dipping below Strategy's average purchase price of $76,052 per token.

A new year hasn’t marked a turn in the price of Bitcoin (CRYPTO:BTC) and other cryptocurrencies. While there’s plenty to be concerned about as Bitcoin prices take a few steps lower following the bloodbath witnessed in the precious metal markets (gold and silver imploded last Friday in a vicious fashion),

Michael Saylor's Strategy has bought 855 BTC for $75.3M raising holdings to 713,502 as bitcoin volatility drags markets this week.

"I do think Bitcoin is in fact in a bear market." The post The Streets Are Saying Bitcoin Is Gonna Fall to $30,000 appeared first on Futurism.

It is one of the largest Bitcoin miners in the world.