Updated at 7:03 AM GMT: Bitcoin (BTC) witnessed a sharp sell-off against the US Dollar (USD) on Tuesday, February 24, 2026, extending its recent bearish trend and deepening losses across daily, weekly, monthly, and yearly timeframes.
As of 7:03 AM GMT, 1 Bitcoin was trading at $63,044.01, marking a daily decline of $1,687.03 or 2.68%. The latest drop highlights growing uncertainty in the cryptocurrency market amid global economic pressures, profit-taking, and shifting investor sentiment.
Weekly Performance
Over the past seven days, Bitcoin has experienced notable volatility, ultimately posting a net weekly loss of $3,339.35, equivalent to a decline of more than 5%. After briefly recovering above $68,000 earlier in the week, BTC faced heavy selling pressure, especially on Monday and Tuesday, accelerating its downward momentum.
Market analysts attribute the weekly slide to risk-off sentiment, stronger US dollar performance, and increased regulatory scrutiny in major economies.
Monthly Trend
The 30-day performance paints a more concerning picture, as Bitcoin has shed $23,412.88, representing a steep monthly decline of 37.14%. On January 25, 2026, BTC was trading near $86,456.88, but persistent selling pressure has erased a significant portion of its value.
This sharp monthly downturn reflects reduced institutional demand, cautious retail participation, and broader macroeconomic uncertainty impacting high-risk assets such as cryptocurrencies.
Yearly Comparison
On a year-on-year basis, Bitcoin has plunged by $29,476, translating into a massive 46.75% drop from its February 24, 2025 level of $92,520.01. The long-term decline underscores the prolonged correction phase currently gripping the crypto market.
Market Outlook
Despite periodic rebounds, Bitcoin remains under pressure, with traders closely monitoring global inflation trends, interest rate expectations, regulatory developments, and institutional inflows. Analysts warn that continued volatility is likely, and investors are advised to exercise caution and adopt robust risk management strategies.
As market conditions evolve, Bitcoin’s price action will remain in focus, especially as it tests key psychological and technical support levels.
Disclaimer: Cryptocurrency prices are highly volatile and subject to rapid fluctuations. This report is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.