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Bitcoin falls to lowest price since October 2024

ended 09. February 2026

The value of Bitcoin has plummeted and briefly fell below $60,000 a coin last night.

One Bitcoin is now worth $64,762, a low last seen nearly a year and a half ago, in October 2024.

It is down nearly 26% compared to last year.

  • Why has the price dropped?
  • Were the gains when Donald Trump came into power a bubble that has now burst?
  • Are investors who have lost money from the fall of precious metal prices from record highs sold Bitcoin to make up for some of those losses?

Responses this morning.

3 responses from the Newspage community

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Editor
Samuel Mather-Holgate
Managing Director & IFA at Mather and Murray Financial
The wheels have come off. It’s taken some time, but this could be the beginning of the end for mainstream holding of crypto. The genie is out of the bag, and it will always have a place for nefarious transactions and areas where international transfers are next to impossible, but crypto millionaires and significant portfolio holdings now look laughable.
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Editor
Scott Gallacher
Director at Rowley Turton
The recent fall in the Bitcoin price illustrates that, despite claims from its supporters, Bitcoin is far from being a safe-haven asset. While traditional safe havens such as gold and silver have risen sharply during the latest period of uncertainty, Bitcoin has moved in the opposite direction. Whether this marks the beginning of a more permanent decline or simply a temporary setback before new highs is impossible to say. However, for me, the recent falls reinforces the view that Bitcoin remains a speculative asset rather than an investment.
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David Belle
Founder and Trader at Fink Money
The current sell-off of Bitcoin is brutal. Lots of leverage had built up on the long side in crypto and the first break occurred back in 2025 with the auto-deleveraging fiasco. Since then, there has been no real bid in the market. But while it's brutal now, the path for Bitcoin has always been similar to this, namely highly volatile but with big upside. There will be people in two years' time probably kicking themselves that they didn't buy at the current price. If you believe Bitcoin and cryptocurrencies more widely are the future, now could be a once-in-a-lifetime opportunity to buy in at a serious discount.