Bitcoin price halves to around $65,000 as market sentiment shifts

Bitcoin’s price has fallen roughly 50 % from its October peak of over $126,000, retreating to about $65,000 – levels not seen since September 2024. Analysts say the cryptocurrency is increasingly behaving like a risk asset rather than a safe‑haven store of value, as higher interest rates, lack of dividend yield and broader market dynamics reduce its appeal. The sell‑off also coincided with US congressional efforts to clarify crypto regulation and a notable sale of 32 BTC (about $2.5 million) by the firm Strategy.

Technical analysts have flagged a rare weekly‑chart RSI divergence, the same signal that preceded a 700 % rally after the 2022 bear market low. While the signal suggests weakening selling pressure, experts caution that past performance does not guarantee a similar price surge, and any future rally remains speculative.