Bitcoin is having a difficult year, with another drop in value to new lows in recent months. Why do cryptocurrencies continue to fall in 2026?
Much to the chagrin of investors and enthusiasts, the value of Bitcoin continues to fall, and the decline seems to have no end in sight.
This Wednesday morning, the world’s most popular cryptocurrency was trading at around $75,000 per currency, which represents a drop of more than 10% in the last five daysa drop of 18% in the last month and an impressive drop in 34% in the last 6 months.
This quote is far from the October record last year, when the price of Bitcoin peaked at almost $125,000after having reached the . The values are now where they were at the beginning of April 2025 and, before that, in November 2024.
The value of Bitcoin is now lower than when Trump took officelast January, having lost all gains from “Trump Boost” that this and other crypto assets effectively registered for much of 2025, highlights .
That impulse was real: Bitcoin returns were down about 12% during the first quarter of 2025, but jumped to almost 30% during the second quarter and then 6.3% in the third quarter, according to data from . THE bullish trend reversal appears to have set in sometime in the fourth quarter, when returns fell 23%.
A Ethereum, the second largest cryptocurrency on the marketfollowed a similar trajectory: it recorded huge increases, of 37% during the second quarter and 67% during the third quarter, followed by a huge drop of 28% in the fourth quarter (28% less).
The carnage in prices is making investors uneasy, and, according to , it was rumors of imminent regulation of cryptocurrencies that sent Bitcoin prices into free fall.
Meanwhile, cryptocurrency enthusiasts whisper among themselves a dark prophecy: the The real break hasn’t even begun yetand some, like the blockchain influencer Crypto Bitlordthey fear that Bitcoin could even come to drop to $30,000
“The next major support for bitcoin is $30,000,” Crypto Bitlord over the weekend to his over 430,000 followers on X. “Unfortunately“.
This pessimistic view is shared by Benjamin Cowenfounder of crypto analytics platform . “I think Bitcoin is in fact in a growing market. prolonged low“, said Cowen in a post on his YouTube channel.
“In terms of cycle lengththe length of this cycle was the same as the previous two cycles”, he warned. “It is simply because the cycle ended and, instead of being in a bull market, we transitioned to a bear market after the cycle has reached its peak.”
This pattern, notes Cowen, follows the electoral cycle very faithfully four years in the United States. In the fourth quarter of 2013, 2017, 2021 and possibly 2025, all within a year of a presidential election, Bitcoin consistently peaked before entering a decline prolonged.
“That’s when it always falls“, said Cowen. “It always peaks in the fourth quarter of the post-election year, and why should this time be any different?”
Bitcoin’s appreciation and devaluation cycles were traditionally influenced by the famous halvingthe programmed deflationary mechanism that, of four every four yearsdevalues the “reward” given to miners for each new block mined.
It is curious that the appreciation cycles of “independent and decentralized” cryptocurrency are now apparently associated not with halvingbut to much more “analog” events, such as electoral acts.
