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Bitcoin price falls again: what caused the decline and what can we expect next?
Today the cryptocurrency market suddenly came under selling pressure due to unexpected data released in the United States. Here are the details.
After the release of weak U.S. employment data today, Bitcoin lost the strong upward momentum it had built earlier in the week.
Growing uncertainty in the markets increased selling pressure on risk assets, causing the largest cryptocurrency to experience a significant drop in value in recent days.
Bitcoin fell by approximately 7% since Wednesday, dropping to around $68,000. Data indicates that the decline accelerated after the release of a weaker-than-expected U.S. employment report, which reduced risk appetite across both traditional financial markets and digital assets.
Chart showing the decline in BTC price.
Boris Alergant, Head of Strategic Initiatives at Babylon, said the employment data triggered widespread selling pressure across markets. Alergant stated:
“Employment data affected all risk assets. During such sell-offs, correlations between assets increase, and most assets tend to move downward simultaneously.”
The drop in Bitcoin’s price is seen as part of a multi-month downward trend in the cryptocurrency market. Many investors in the sector expected pro-crypto policies from U.S. President Donald Trump to support the market. Despite this, Bitcoin has fallen about 46% from its all-time high of $126,000, reached in October.
Today’s employment report added further pressure to markets. Rising unemployment and greater-than-expected job losses pushed investors to reduce risk exposure. In addition, escalating tensions in the Middle East have become another factor increasing global market uncertainty. The tensions, which President Trump described as a “conflict without time limits,” have pushed energy prices higher and increased investor concerns.
A similar pattern was also seen in U.S. stock markets. Major indices that had risen earlier in the week declined after the employment report was released. The S&P 500 index fell by approximately 2% following the data release.
Some analysts warn that the decline may not be over yet. Alex Tsepaev, chief strategist at B2Prime, said that if the week ends with the current outlook, it would not be a positive signal for the market. According to him, Bitcoin could fall further and retest the $60,000 level.
Amid the price decline, significant liquidations occurred in the Bitcoin market.
The drop in Bitcoin’s price triggered large-scale liquidations across the cryptocurrency market. Over the past 24 hours, a total of $328 million in long positions and $71 million in short positions were liquidated.
For Bitcoin specifically, $46.73 million in long positions and $51.55 million in short positions were liquidated over the same period.
Chart showing recent Bitcoin long liquidations together with the BTC price.
Chart showing recent Bitcoin long liquidations along with the BTC price.
See also: "CryptoQuant records the largest exchange outflow of 31,900 BTC since July 2025"
