The price of Bitcoin (BTC) against the US dollar (USD) showed a notable recovery on Friday, gaining over 1% in the last 24 hours amid renewed buying interest in the global cryptocurrency market.
According to the latest market data, 1 Bitcoin was trading at $67,757.61, marking an increase of $874.10, or 1.29%, compared to the previous day. The rebound comes after several consecutive sessions of decline, reflecting cautious optimism among investors following heightened volatility throughout the week.
Over the past seven days, Bitcoin has experienced sharp fluctuations. Starting at $69,933.66 on February 14, the world’s largest cryptocurrency gradually slipped to $66,383.36 by February 18, before recovering slightly to $66,883.52 on February 19 and then rising further today. Despite today’s gains, Bitcoin has recorded a weekly decline of $2,176.05, indicating continued short-term pressure.
On a monthly basis, the digital asset has seen a significant correction. From $89,760.09 on January 21, Bitcoin has dropped by $22,002.47, translating into a steep 32.47% decrease over the last 30 days. Analysts attribute this decline to profit-taking, regulatory concerns, and shifts in global risk sentiment.
Looking at year-on-year performance, Bitcoin has fallen sharply from $98,177.51 on February 20, 2025, registering a decline of $30,419.90, or 44.90%. Market participants remain cautious, expecting continued volatility as macroeconomic conditions and regulatory developments shape the future trajectory of digital assets.
Investors are advised to closely monitor market trends and exercise prudent risk management when trading cryptocurrencies, given their inherently high volatility.