Bitcoin’s Fresh 14% Crash to $62,900: Why BTC is Plunging After a Brutal Week

Bitcoin has taken another hard hit. The king of cryptocurrencies dropped nearly 14% on Friday morning, sitting at around $62,900 as of 01:00 GMT. This marks more pain after a rough week that saw BTC slide below $80,000 last weekend.

Since the start of the year, Bitcoin is down about one-third of its value. Known for its wild swings, BTC hit a sky-high peak of over $127,000 in October. But now, it’s in freefall amid big worries in markets worldwide.

The Rollercoaster Ride: From Trump Hype to Harsh Reality

Things looked bright after U.S. President Donald Trump’s re-election. Investors bet on friendlier crypto rules in Washington, pushing Bitcoin past $100,000 for the first time in December 2024. Hopes ran high for less red tape after years of tough crackdowns.

But the party ended fast. Since that October peak, Bitcoin has been on a downward spiral. Geopolitical tensions and regulatory roadblocks have spooked traders. A bill backed by Trump to regulate digital assets is stuck in the U.S. Senate. Banks and crypto companies can’t agree, halting progress.

Adding fuel to the fire, the Trump family’s crypto venture, World Liberty Financial, faces heat in Congress. Reports say an Abu Dhabi official’s team signed a deal for a $500 million stake. This scrutiny ties into broader fears of conflicts and foreign influence in U.S. crypto policy.

Global Markets in Red: Stocks, Tech, and Commodities Tumble

Bitcoin’s drop isn’t alone. A massive sell-off hit stocks and commodities too. This risk-off mood shows how connected crypto is to traditional finance.

• Wall Street’s S&P 500 fell 1.2% on Wednesday.
• The tech-heavy Nasdaq Composite dropped 1.6%.
• Amazon shares tanked over 11% in after-hours trade. Fears grew over its $200 billion AI infrastructure spend, hinting at a tech bubble burst.

Asia felt the pain too:

• South Korea’s KOSPI plunged 5% in early trading.
• Australia’s ASX 200 down more than 1%.
• Japan’s Nikkei 225 shed 1.6%.

Precious Metals Join the Sell-Off

Even safe-haven assets like gold and silver are hurting. After big gains in 2025, they’re now losing steam.

• Gold dropped over 4% on Thursday, trading at about $4,720 per ounce.
• Silver crashed up to 18.5%, now at around $69.

This broad decline points to investors pulling back from risk everywhere. Inflation worries, rate hike fears, and global uncertainty are driving the chaos.

Why Is Happening Now?

Several factors pile up:

1. Profit-Taking: After the post-election rally, many cashed out at highs, flooding the market with sell orders.
2. Regulatory Delays: Stalled bills mean no clear path forward, shaking confidence.
3. Macro Pressures: Higher interest rates and stock slumps make crypto look riskier.
4. Political Scrutiny: Ties to Trump ventures raise red flags for institutions.
5. Tech Bubble Fears: AI hype cooling off drags down related assets.

Bitcoin’s volatility index is spiking, showing traders expect more swings. On-chain data shows big holders (whales) moving coins to exchanges, a bearish sign.

What Does This Mean for Bitcoin Investors?

If you’re holding BTC, stay calm. History shows crashes lead to rebounds. Key support levels sit at $60,000 and $55,000. A break below could mean more pain toward $50,000.

But positives linger:

• Institutional adoption grows via ETFs.
• Halving effects from 2024 still boost scarcity.
• Trump’s pro-crypto stance could revive if bills pass.

Diversify, use stop-losses, and watch global cues. Long-term believers see this as a buying dip in a bull cycle.

Looking Ahead: Rebound or Deeper Crash?

Short-term, watch U.S. jobs data and Fed speeches for rate clues. A Senate breakthrough on crypto bills could spark recovery.

Analysts split: Some predict $50,000 lows, others $80,000 bounce by month-end. Bitcoin’s fate ties to broader markets— if stocks stabilize, BTC likely follows.

In this , one thing’s clear: Crypto remains the wild west of finance. Volatility creates opportunity for the bold.

Stay tuned for live Bitcoin price updates and crypto news. What do you think—buy the dip or wait? Share in comments below.

Key Takeaways

• BTC down 14% to $62,900 amid weekly losses.
• Year-to-date drop: ~33% from peaks.
• Global sell-off hits stocks, tech, gold, silver.
• Regulatory stalls and political heat weigh heavy.
• Support at $60K; watch for rebound signals.