Bitcoin (BTC USD) is 50% down from its peak - where is the world's largest crypto headed

Bitcoin BTC USD crypto market outlook: Bitcoin has fallen sharply again, extending its losses and dropping to $63,000, now roughly 50% below its all-time high. The move came as broader markets weakened amid global trade uncertainty.

BTC USD Price Down Today: Bitcoin Slumps Below $63K – What’s Driving the Latest Price Drop

Investor sentiment took another hit following the Supreme Court’s decision to strike down US president Donald Trump’s tariffs. Shortly after, the president announced a 10% blanket global tariff, later raising it to 15%, adding to market unease.

Bitcoin Price USD Now 50% Below Peak: A Deeper Correction or Temporary Dip

Bitcoin is now down 24% this year and remains about 50% below its October peak. It is also on track for its fifth consecutive month of losses, underscoring the pressure facing crypto markets.


The recent weakness has reignited debate about Bitcoin’s role as a store of value. Bespoke Investment Group wrote in a research note that “investors are starting to question whether [bitcoin is] even an effective store of value anymore,” as quoted by Yahoo Finance.

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How This Crypto Downturn Differs From the 2022 Crash

Despite the downturn, analysts note that this cycle looks different from 2022. That year’s crypto winter was marked by widespread collapses of lenders and trading firms, which triggered forced selling and pushed Bitcoin down 77% from its peak.

So far, this year has not seen the same level of credit contagion. Compass Point analyst Ed Engel said that “Despite the latest deleveraging, we've yet to see a significant number of insolvencies among crypto lenders or prime brokers,” as quoted by Yahoo Finance.

Blockfills Collapse and Its Impact on the Bitcoin Market

The largest failure this year has been Blockfills, a midsize prime broker that halted deposits and withdrawals earlier this month amid Bitcoin’s decline. However, analysts say it is far smaller than firms that collapsed during the previous downturn, and the broader market has avoided a domino effect.

Engel said, “Without similar credit contagion this cycle, we don't believe the current bear market will be as severe as last cycle,” as quoted by Yahoo Finance.

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Bitcoin Price Prediction: Could BTC USD Fall to $50,000

Meanwhile, some bullish analysts have cautioned that Bitcoin could fall toward the $50,000 level before potentially rallying in the second half of the year.

Standard Chartered Cuts Bitcoin Year-End Target to $100,000

Earlier this month, Standard Chartered analyst Geoff Kendrick lowered his year-end price target to $100,000 from $150,000. He also noted that the market currently expects no further Federal Reserve rate cuts until Kevin Warsh takes over as chair in June.

Are Bitcoin ETF Investors Selling Instead of Buying the Dip

Kendrick said, "Against this backdrop, we think ETF holders are more likely to sell rather than buy the dip, for now," as quoted by Yahoo Finance.

FAQs

Is this another crypto winter like 2022?

Analysts say this downturn has not seen the same level of widespread collapses as 2022.

Could Bitcoin price USD fall further?

Some analysts warn it could drop toward $50,000 before rebounding.