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The Bitcoin price drops to $60,000 and bounces back. Market sentiment falls to an all-time low. In particular, possible influence by Jeffrey Epstein is now negatively impacting BTC and crypto.
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Bitcoin price drops to $60,000
The Bitcoin price continues to fall. BTC reached a new regional low in this morning’s trading. Around 1:25 a.m. Swiss time, the largest cryptocurrency was trading at just $60,074.
The digital asset last traded at this level in October 2024. By the time of going to press, it had recovered to as high as $66,137. BTC experienced a bounce at around $60,000. Solid resistance formed at this threshold.
- Bitcoin
(BTC) - Price $70,465.00
- Market Cap
$1.41 T
BTC is thus writing losses of 20 percent in the weekly trend. Since reaching its all-time high of $126,200 in October, the largest cryptocurrency has lost 48 percent of its market value to date.
In parallel to Bitcoin, the majority of the crypto market also recorded enormous losses. The Ethereum price is writing losses of around 30 percent in the weekly trend. The entire market sank by 4.22 percent over the last 24 hours. Its market capitalization is now only $2.27 trillion.
On Tuesday, CoinPro already reported on the background to the current crypto crash. The nomination of a new FED chairman by US President Donald Trump seems to be having a particularly serious impact.
In addition, there are prophylactic sell-offs by major investors who fear a crypto winter, as well as the loss in value of a number of tech stocks with which the crypto market is often correlated.
Sentiment of the crypto market falls to all-time low
The extent of the negative sentiment is particularly striking at the moment. The CMC Crypto Fear & Greed Index, which has only been online since June 2023, rates the current sentiment at 5 out of 100 points – a negative record!
According to this, market sentiment has never been as bad as it is today since June 2023. The previous record was 10 out of 100 points – it was set in November 2025.
The Fear & Greed Index from Alternative.me has also fallen to a noteworthy low – it only shows 9 out of 100 points, but its assessment is significantly higher than the competing service from CMC.
Alternative.me has been providing its index since 2018. Its historical records are therefore far more comprehensive. The last time the mood was this bad was in June 2022.
Why Jeffrey Epstein is having a negative impact on Bitcoin
Crypto expert DeFi Ignas is convinced: An extremely pessimistic factor has recently joined the negative influences already mentioned. The notorious sexual offender, banker, investor and networker Jeffrey Epstein established contacts with the Bitcoin developers in Bitcoin’s early phase.
As a result, users are currently questioning the integrity of the Bitcoin cryptocurrency. It is not the first time that BTC has triggered a dispute in the scene because of its principles. The blocksize wars gained particular notoriety.
The latest criticism is now growing on the ground of these disputes. Epstein is considered the personification of a deep state. The US citizen had countless contacts with international political decision-makers and influential figures in the economy.
The scene is therefore asking the question: How does a free currency like Bitcoin fit together with Epstein, as both must have pursued opposing goals.
New emails, which the US Department of Justice published on January 30, show that Epstein invested early in Bitcoin lead developer Blockstream and was in close contact with its founders. The extent of Epstein’s actual influence on BTC is controversial.
DeFi Ignas says: Epstein’s influence is fading into the background. The contact alone is currently causing enormous pessimism. The price losses are irrational and offer a good entry opportunity.
“I thought the claims that Epstein invented Bitcoin were exaggerated. But if you look at Reddit, retail investors really believe that BTC crashed because of it. When people sell for the wrong reasons, there’s usually an opportunity somewhere…”
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