Bitcoin has officially wiped out all gains registered after the reelection of Donald Trump to step back in the White House at the end of 2024. The cryptocurrency plummeted to just over $65,000 minutes ago, which actually puts it in a minor loss since the presidential elections.<\/p>\n
Moreover, this means that it has lost almost $25,000 since last Wednesday. It has also shed nearly 50% of its value since the all-time high marked in early October 2025.<\/p>\n
Naturally, investors tend to ask themselves what the most probable reason is behind this crash. As with all previous declines from the past several weeks, it doesn\u2019t seem to be aligned with problematic fundamentals within the BTC ecosystem as a whole.<\/p>\n
Analysts from the Kobeissi Letter indicated that the actual reason behind the consecutive price dumps is \u201cemotional\u201d selling. Riskier assets, such as BTC, tend to move frequently due to investor sentiment, and the current bearish trend appears to be driven by a mass exodus without any fundamental basis.<\/p>\n
BREAKING: Bitcoin falls below $66,000 for the first time since October 2024, now down -$11,000 this week alone.<\/p>\n
This is beginning to feel like \u201cemotional\u201d selling. pic.twitter.com\/SMUczlcNzo<\/a><\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) February 5, 2026<\/a><\/p>\n\n Doctor Profit, an analyst known for their rather bearish calls who has been predicting a substantial crash for months, noted<\/a> that they have placed \u201cbig buy\u201d orders at around $57,000-$60,000, which could be the current trend\u2019s bottom.<\/p>\n The analyst added that they plan to hold for 2-3 months, and they are not interested in buying higher than that.<\/p>\n \u201cI consider $57k-$60k as a great entry to make money for the short term and gain some serious % before we continue going down.\u201d<\/p>\n On the other hand, MMCrypto said he believes BTC is indeed in a bear market, but it\u2019s almost over time-wise.<\/p>\n I think this Bitcoin Bear Market is almost over (time wise).<\/p>\n We are in the last capitulation move, which may continue for a bit. Once we have MAX PAIN, it\u2019s over, soon!<\/p>\n I am getting ready NOW already.<\/p>\n MONEY MAKING TIME IS APPROACHING! <\/p>\n \u2014 MMCrypto (@MMCrypto) February 4, 2026<\/a><\/p>\n\n Elsewhere, the altcoins are getting obliterated as well, and XRP is the poorest performer for some reason. The token has plummeted by almost 20% in just 24 hours and now struggles below $1.25.<\/p>\n The post Analysts Explain Why BTC Just Crashed to $65K and Where the Bottom Lies<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin has officially wiped out all gains registered after the reelection of Donald Trump to step back in the White House at the end of 2024. The cryptocurrency plummeted to just over $65,000 minutes ago, which actually puts it in a minor loss since the presidential elections. Moreover, this means that it has lost almost […]<\/p>\n","protected":false},"author":0,"featured_media":132880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-132879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132879"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=132879"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/132880"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}