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Bitcoin price drops nearly 40% from $126K peak, eyes $60K as next support level.

Market News
23 May 2026
The Currency Analytics
View Source
Bearish
pluang ai news

Bitcoin has fallen sharply from its all-time high of around $126,000 in October 2025 to about $75,800, a nearly 40% drop. Analysts warn the price could fall further to $60,000, marking a potential bear market and the lowest level since early 2026. This decline reflects fragile investor sentiment amid broader market volatility, with no clear signs of recovery or intervention from major stakeholders. The drop also impacts the wider crypto market, as Bitcoin's price movements often set the tone for altcoins.

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