Overview
- Bitcoin traded in the mid‑$70,000s, touching roughly $73,400 on Tuesday and near $72,800 on Wednesday after a brief bounce to about $75,500.
- The slide leaves the coin down about 14–15% for 2026 and roughly 40% below October’s record near $126,000 after an October 10 liquidation event removed about $19 billion in leveraged bets.
- Prices have returned to pre‑election territory, erasing the gains logged after President Donald Trump’s November 2024 win.
- Losses broadened across crypto, with ether near $2,233 and solana below $100 as total market value fell about 3.5% to $2.56 trillion Tuesday and roughly $500 billion evaporated over the past week.
- U.S. spot bitcoin ETFs pared heavier intraday drops to close Tuesday down about 2%, with BlackRock’s fund the day’s laggard, while Bloomberg reported $562 million of net inflows Monday followed by $272 million of outflows Tuesday and sentiment gauges sat at “extreme fear” around 17.