Bitcoin market hits 2026 low on volume, analysts spot potential buying chance

Spot‑market trading volume for Bitcoin fell to its lowest level since 2026 while the cryptocurrency’s price has slipped more than 26% year‑to‑date. Analyst Michael van de Poppe described the market as a “ghost town” but argued that low activity can create attractive entry points, drawing a parallel with the 2022 bear market that later saw Bitcoin rise over 600% from a $16,000 bottom. He noted a record amount of BTC is currently held at a loss, which he sees as a signal of future upside.

In related market data, Bitcoin was trading around €56,374 (just under $65,000) after briefly touching a key price level, up 1.1% in the last 24 hours. The total crypto market cap rose 0.7% to €1.9 trillion. The modest rally was linked to U.S. jobs data showing 23,000 jobs lost versus expectations of a gain, reducing expectations of a near‑term Fed rate hike. President Donald Trump called crypto “a big deal,” adding political visibility to the sector.