The post Bitcoin Crashes to $67K as Crypto Market Erases $2T in Market Cap Since October Record High appeared on BitcoinEthereumNews.com.

The Bitcoin price has further extended its decline on the day, falling to a new yearly high of $65,000 as bear market jitters continue to set in. Amid this Bitcoin crash, the crypto market has now erased over $ trillion from its market cap since it hit a record high above $4 trillion in October 2025. Bitcoin Crash Extends as BTC Drops To $65,000 TradingView data shows that the leading crypto by market cap has now crashed to $65,000, down over 10% from an intraday high of around $72,000. This comes amid bear market fears, with BTC now down over 23% year-to-date (YTD). Source: TradingView; Bitcoin daily Chart The crypto market crash has also led to over $1.4 billion in liquidations over the last 24 hours, according to CoinGlass data. Long positions account for most of these liquidations, with $1.23 billion in longs wiped out, while $201 million in liquidations were short positions. Source: CoinGlass   Experts predict that this Bitcoin crash could further extend, with price targets of as low as $38,000. Investment bank Stifel predicts that BTC could drop to $38,000 based on past cycle trends, and macro factors such as the Fed’s hawkish pivot, slowing crypto regulation, and shrinking liquidity. Veteran trader Peter Brandt also predicted that the leading crypto could drop to $63,000 next, while setting a longer-term target of $54,000 for how low BTC could drop. However, JPMorgan analysts have suggested buying Bitcoin over gold as a better long-term investment. These analysts still predict that BTC could rally above $200,000 at some point. Crypto Market Erases Over $2 Trillion In Market Value The crypto market has erased just over $2 trillion in market value since rallying to a record high of $4.3 trillion on October 6, 2025, amid the Bitcoin crash. Notably, that was when the…

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Filed under: News - @ February 5, 2026 8:28 pm