Bitcoin has officially erased all gains made after Donald Trump’s reelection back to the White House in late 2024, crashing to just above $65,000 recently. This drop indicates a $25,000 decrease since the previous Wednesday and nearly a 50% loss from an all-time high reached in early October 2025.

Market sentiment has turned bearish, with analysts suggesting that the price decline does not stem from any fundamental issues within Bitcoin itself. Members of the Kobeissi Letter reported that the repeated price falls are due to “emotional” selling, as investor sentiment drives the movements of risk assets like Bitcoin.

BREAKING: Bitcoin falls below $66,000 for the first time since October 2024, now down -$11,000 this week alone. This is beginning to feel like “emotional” selling. pic.twitter.com/SMUczlcNzo

Doctor Profit, a crypto analyst known for bearish predictions, mentioned in a recent tweet that they have set “big buy” orders in the range of $57,000-$60,000, potentially marking the bottom of the current trend.

Additionally, MMCrypto expressed their view that the Bitcoin bear market may be nearing its end, asserting that this might be the final period of capitulation before a rebound occurs.

Elsewhere in the altcoin market, XRP has dropped significantly, becoming the worst performer, with a decline of nearly 20% over the past 24 hours, currently trading below $1.25.

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