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Bitcoin fell again on Monday, extending a prolonged downturn after cryptocurrency markets recorded four consecutive weeks of heavy losses, as uncertainty over U.S. interest rates continued to sap appetite for speculative assets.
The world’s largest cryptocurrency retreated after briefly climbing toward the $70,000 level over the weekend. Bitcoin was last down 2.7% at $68,409.7 by 00:58 ET (05:58 GMT), remaining under pressure amid fragile market sentiment.
Bitcoin has now erased roughly half of its value since peaking near $126,000 in October, leading a broader retreat from high-risk assets as investors reassess liquidity conditions and the outlook for U.S. monetary policy.
Strategy says Bitcoin can fall to $8,000 without triggering liquidation
Adding to the focus was commentary from Strategy Inc. (NASDAQ: MSTR), the world’s largest corporate holder of Bitcoin. The company said on Sunday that it faces no liquidation risk unless Bitcoin were to plunge as low as $8,000 per coin.
In a social media post, Strategy said it could “withstand a drawdown in $BTC price to $8K and still have sufficient assets to fully cover our debt.”
Strategy currently holds 714,644 bitcoins, having accumulated the cryptocurrency through a combination of equity issuance and long-term debt financing. The firm, led by prominent Bitcoin advocate Michael Saylor, has continued to add to its holdings even as prices have trended lower in recent weeks.
Market concerns had grown that Strategy could be forced to liquidate part of its Bitcoin position if prices continued to fall, given its leverage and limited operating revenue. Saylor has repeatedly dismissed such fears, emphasizing the company’s long-term strategy and balance sheet resilience.
Earlier this month, Strategy reported a $12.4 billion loss for the December quarter, sharply wider than the $670.8 million loss recorded in the same period a year earlier. The result was driven largely by declines in the value of its Bitcoin holdings.
Altcoins slide as risk appetite remains weak
Losses in Bitcoin spilled over into the broader cryptocurrency market, with most major tokens posting sharp declines.
Ethereum, the second-largest cryptocurrency, dropped 6.1% to $1,958.63, while XRP fell 7.7% to $1.4575. BNB declined about 4%, Solana slid 5.4%, and Cardano lost 6.2%.
Among meme tokens, Dogecoin tumbled 11.4%, while the $TRUMP token fell 2.4%.
Overall sentiment toward digital assets has remained fragile since October, with both retail and institutional inflows slowing markedly. At the same time, a surge in gold prices amid renewed interest in physical safe-haven assets has further overshadowed Bitcoin’s appeal as an alternative store of value.
