Bitcoin Price Today Falls Below $75,000, Hits Lowest Level Since April 2025 — Here’s Why
Bitcoin price today slipped below the crucial $75,000 mark on Monday, February 2, as selling pressure intensified across the cryptocurrency market amid weak demand and thinning liquidity.
According to data from CoinMarketCap, Bitcoin was trading at $74,683.63 around 9:15 am IST, marking its lowest level since April 2025. During that period, global trade tensions triggered by the United States had pushed digital assets into a prolonged bearish phase.
Bitcoin down nearly 40% from 2025 peak
Since hitting its peak in 2025, Bitcoin prices have declined by nearly 40%. In January alone, the world’s largest cryptocurrency dropped about 11%, extending losses for a fourth consecutive month following a sharp correction that began in October 2025.
This ongoing decline represents Bitcoin’s longest losing streak since 2018, when markets crashed after the collapse of the 2017 initial coin offering (ICO) boom.
The broader crypto market also remained under pressure. Ethereum fell sharply and slipped below the $2,200 level, reflecting weak sentiment across digital assets.
Why is Bitcoin falling today?
The latest drop in Bitcoin prices is largely attributed to accelerated liquidations and a lack of buying momentum. According to Bloomberg, the sell-off deepened as traders stepped back amid low confidence and limited liquidity.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin’s correction intensified as more than $2 billion worth of crypto positions were liquidated during low-liquidity weekend trading.
Unlike previous sharp corrections, Sehgal noted that the current downturn has not been triggered by a single major event. Instead, it reflects fading demand, reduced liquidity, and the absence of strong market catalysts.
ETF outflows, macro risks add to pressure
The sell-off was further amplified by $1.6 billion in net outflows from US spot Bitcoin ETFs in January, indicating reduced institutional risk appetite.
Macroeconomic and geopolitical developments also weighed on sentiment. Markets reacted negatively after US President Donald Trump nominated Kevin Warsh as the next chair of the Federal Reserve, a move widely viewed as signaling a tighter monetary policy stance.
The announcement strengthened the US dollar and triggered sell-offs in risk assets, including cryptocurrencies. At the same time, rising geopolitical tensions — including reports of an explosion at Iran’s Bandar Abbas port — prompted a broader flight to safety, further pressuring digital assets.
Technical outlook remains weak
From a technical perspective, Bitcoin continues to trade below its key resistance zone of $80,000–$82,000. Analysts see potential downside targets in the $72,000–$70,000 range. Ethereum also remains vulnerable, facing selling pressure below $2,500, with risks of retesting $2,000.
Meanwhile, Bitcoin’s market depth — a key indicator of the market’s ability to absorb large trades — is still over 30% below its October peak, according to data from Kaiko.
What’s next for crypto markets?
Analysts believe that until macroeconomic stability improves and ETF inflows return, the cryptocurrency market is likely to remain cautious. Traders are bracing for choppy consolidation or further downside before any sustainable recovery takes shape.
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