Bitcoin Traders Expect More Pain Ahead After BTC Falls 50% From Peak
Decrypt
by Stacy ElliottFebruary 24, 2026
AI-Generated Deep Dive Summary
Bitcoin experienced a significant drop overnight, falling below the $63,000 mark and dropping more than 50% from its all-time high in October. This decline has sparked concerns among traders, with prediction markets now favoring a further dip to $55,000 before any potential recovery to $84,000. The volatility is partly attributed to ongoing tensions between President Trump and the Supreme Court over trade tariffs, which has led investors to seek safer alternatives like gold.
The cryptocurrency market remains uncertain as Bitcoin's price continues to fluctuate. At the time of writing, Bitcoin had slightly rebounded to $63,829 after losing 3% in the past 24 hours. However, this recent dip marks the lowest price since October 2024 and underscores a broader trend of decline, with Bitcoin having lost 28% over the last month and nearly 50% from its peak of $126,080 in early October.
Analysts suggest that Bitcoin's volatility is closely tied to geopolitical tensions and macroeconomic factors. The recent tariff policies imposed by Trump have created a high-stakes legal and economic standoff, contributing to market instability. This uncertainty has pushed investors toward safer assets like gold, which has seen a significant rise in value over the past six months, reflecting its role as a hedge against risk.
For crypto enthusiasts and traders, this situation highlights the risks associated with high-risk investments like Bitcoin during periods of geopolitical instability. The ongoing
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Originally published on Decrypt on 2/24/2026