Karachi, February 23, 2026 – Bitcoin (BTC) witnessed a sharp decline against the US Dollar (USD) on Monday, extending its recent downward trend and raising fresh concerns among crypto investors. The world’s largest cryptocurrency fell to $65,748.67, marking a daily drop of $1,911.52 or 2.91%, according to the latest market data.
Weekly Performance: Bitcoin Extends Losses
Over the past seven days, Bitcoin has shown high volatility, fluctuating between brief recoveries and sustained selling pressure. On February 17, BTC was trading at $67,495.06, but persistent declines over the week pushed prices lower. Despite a temporary rebound on February 20, the market resumed its downward move, resulting in a weekly loss of $1,746.39.
Analysts attribute the recent slide to a combination of profit-taking, regulatory uncertainties, and cautious sentiment in global financial markets, which has reduced risk appetite among investors.
Monthly Outlook: Steep Correction Continues
Bitcoin’s monthly performance reflects a much steeper correction. On January 24, 2026, BTC was trading near $89,298.33. Since then, the digital asset has lost $23,549.66, representing a decline of 35.82% over 30 days. This significant drop highlights the intensity of the ongoing market correction and the challenges facing the broader cryptocurrency sector.
Market participants note that tightening monetary policies, regulatory pressures, and reduced institutional inflows have contributed to the bearish momentum.
Yearly Trend: Nearly Half of Value Erased
On a year-on-year basis, Bitcoin has experienced a substantial decline. From $95,800.00 on February 23, 2025, the price has dropped by $30,051.33, translating into a 45.71% decrease over 12 months. This long-term fall underscores the heightened volatility and cyclical nature of the crypto market.
Market Sentiment and Outlook
Despite today’s sharp fall, some analysts believe that Bitcoin could stabilize near current levels, supported by long-term adoption trends and blockchain innovation. However, in the short term, market sentiment remains cautious, with traders closely watching key support levels around the $65,000 mark.
Investors are advised to stay informed, manage risk carefully, and monitor global economic developments that could influence cryptocurrency prices in the coming days.