Bitcoin prices have fallen from a peak of more than $126,000 in October to under $64,000 as of Thursday afternoon.

Is Bitcoin a bargain below $90,000? Here's what the bulls and bears are saying.

Bitcoin is acting weird. The world’s most famous cryptocurrency has tumbled 44% from its October peak, falling below $70,000 Thursday for the first time in 15 months.

At previous cycle lows, margin long exposures were held near peak levels as prices bottomed out. This behavior was evident around the FTX collapse in November 2022, the August 2024 "carry-trade" unwind, and most recently during the "tariff tantrum" in April 2025.

Bitcoin crash explained: Bitcoin's value has fallen due to several factors. Leverage is unwinding, and AI hype is cooling, impacting miners. Governance concerns and quantum computing fears add to the uncertainty.

Bitcoin whipsawed in a volatile trading session after a selloff that briefly dragged the token to a more than 50% retreat from its October peak.

Crypto sentiment was hit as Gemini plans to close operations in several regions and cut staff, while spot bitcoin ETF flows turned negative.

The latest purchases were funded through proceeds generated under Strategy’s at-the-market (ATM) offering program. According to the filing, the firm sold 1,569,770 shares of its Class A common stock, MSTR, for approximately $257 million in net proceeds during the five-day period.

Ultimately, it's always important for investors to keep their focus on the long term. With that being said, I predict that Bitcoin's price will reach $850,000 in 10 years. Image source: Getty Images.

As the cryptocurrency sell-off intensifies, make sure you're making the right choice between buying Bitcoin directly or a Bitcoin exchange-traded fund (ETF).