The crypto market is currently in the midst of a prolonged downturn as investor appetite for risky alts like Bitcoin (BTC) has dried up since the coin hit its all-time high (ATH) on Oct. 6, 2025.
Since then, the largest coin—with a market cap of $1.23 trillion—has lost around half its value and is holding on to the psychological $60,000 level by a thread.
