Bitcoin dives to $73,000 for first time since November 2024

By Mucahithan Avcioglu

ISTANBUL (AA) - Bitcoin fell to just above $73,000 on Tuesday to its lowest level in more than 15 months, extending a downward trend amid large liquidation concerns.

The largest cryptocurrency in the world dropped to as low as $73,072.44, its lowest since November 2024.

Bitcoin was trading around $74,930 at 1900GMT Tuesday, dropping 4.5% day-on-day.

The total value of the global cryptocurrency market, including Bitcoin, declined 4.6% in the last 24 hours to $2.52 trillion, according to CoinMarketCap data.

Bitcoin’s market capitalization also declined 4.6% in the past day to $1.49 trillion, while the daily trading volume fell 23.2% to $62.6 billion.

Its weekly loss extended to 15.5% as of Tuesday, while its monthly losses exceeded 18.2%.

Ethereum, the second-largest cryptocurrency by market value, fell 7.1% to $2,174.

Due to a partial government shutdown delaying the publication of important US economic data and investors continuing to shift from riskier assets in the face of growing geopolitical fears, Bitcoin has fallen 16% in 2026.

After the decline in the digital asset, Strategy, a bitcoin treasury company, was down 9%.

Additionally, a wave of liquidations in recent weeks also fueled the decline in the cryptocurrency market.