Bitcoin slid to a 10-month low as the global market rout deepened, intensifying pressure on cryptocurrencies.
The world’s largest digital asset fell as much as 2.5% overnight to $74,541, hovering near its weakest level since Donald Trump returned to the White House just over a year ago.
Bitcoin ended January down nearly 11%, marking its fourth consecutive monthly decline and the longest losing streak since 2018. Analysts warned that momentum remains firmly to the downside.
Losses spread across the broader crypto market, with Ether down around 4% and Solana weaker by 1.6%.
Caroline Mauron, co-founder of Orbit Markets, said: “A further drop through the 2021 highs around $70,000 would represent a damaging long-term confidence hit.”
