Bitcoin continued its retreat in early February 2026, trading in the mid-$60,000 range after a steep pullback from record highs late last year.
According to The Associated Press, Bitcoin recently fell to about $66,301, extending a multi-month decline that has erased a significant portion of its 2025 rally.
The downturn marks a sharp reversal from October 6, 2025, when Bitcoin reached an all-time high of approximately $126,210.50, according to the same AP report. At current levels near $66,000, the cryptocurrency has fallen roughly 45% to 50% from that peak.
The Associated Press reported that the earlier rally was fueled in part by strong investor demand for newly approved spot Bitcoin exchange-traded funds. However, that trend has since reversed. Citing data from Morningstar Direct, The AP reported that investors withdrew approximately $5.7 billion from spot Bitcoin ETFs between November 2025 and January 2026. November alone marked a record month for outflows, reflecting a shift in sentiment after months of strong inflows during the rally.
Broader market conditions have also weighed on digital assets. The Associated Press noted that investors have been reassessing risk amid shifting expectations for Federal Reserve policy and economic data. As AP reported, stronger-than-expected economic figures have complicated the outlook for interest rate cuts, dampening appetite for speculative assets such as cryptocurrencies.
The pullback in Bitcoin has rippled across crypto-linked equities and investment vehicles, according to The Associated Press, which reported that shares tied to the digital-asset sector have moved lower alongside the cryptocurrency’s decline.
While volatility remains a defining feature of the crypto market, Bitcoin’s current position — roughly halfway between its October 2025 record and its recent lows — underscores the magnitude of the correction. As the Associated Press has reported, investors are closely monitoring ETF flows, macroeconomic signals and broader market liquidity for indications of whether the downturn will stabilize or deepen further.
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