Bitcoin prices hit a new low for 2025 today. 3D render
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In recent days, Bitcoin has continued to decline sharply, reaching its lowest value of the year as global investors react to ongoing worries related to international tariffs.
As of this morning, the leading cryptocurrency was trading at approximately $74,400, based on data from Coinbase via TradingView.
At this point, the cryptocurrency had fallen to its lowest value since November, losing over 30% since its peak price of more than $108,000 in January, according to additional data from Coinbase.
Analysts have often cited apprehensions regarding international tariffs as a key factor behind these recent declines, an issue that has received extensive media attention in recent weeks.
When asked about the effect of these developments on Bitcoin prices, Joe DiPasquale, CEO of cryptocurrency hedge fund BitBull Capital, concurred, stating in an email, “Yes, the recent decline in Bitcoin seems largely influenced by a broader risk-off sentiment triggered by renewed tariff apprehensions.”
“Historically, Bitcoin tends to behave more like a risk asset than a safe haven, often reflecting trends in tech stocks and other growth-focused investments,” he added.
“Concerns about escalating trade conflicts—especially between major economies such as the U.S. and China—can drive investors away from volatile assets like cryptocurrency and toward safer alternatives. This broader market uncertainty combined with profit-taking following Bitcoin’s significant rise earlier this year has likely induced the sharp sell-off,” DiPasquale explained.
Similarly, Alex Lin, cofounder and general partner at venture capital firm Reforge, reiterated via email, “Indeed, heightened economic uncertainty linked to U.S. tariff strategies is the most evident contributing factor to Bitcoin’s downturn. The entire market across various asset classes is reacting in kind.”
Conversely, TikTok influencer Wendy O presents a more nuanced interpretation, citing multiple elements that may have led to Bitcoin’s recent decline. She emphasized the outflows being seen in Bitcoin exchange-traded funds (ETFs), noting via email, “Bitcoin Spot ETF buyers have been realizing profits, as evidenced by recent outflow data. Bloomberg indicates that we have experienced $5.5 billion in outflows since January 1, 2025.”
Wendy O also pointed out that growing investor interest in gold could be affecting Bitcoin, mentioning that many market participants have been using the precious metal as a hedge against economic and political instability.
Recently, the price of gold has been reaching new heights, with spot gold contracts hitting a record of over $3,100 earlier this month, according to data from Kitco News.
Additionally, she provided some technical insights regarding Bitcoin’s chart.
“From a chart perspective, Bitcoin has established robust support at $71,000 from April and March 2024. There may be potential for further declines, as Larry Fink from BlackRock suggests a possible additional 20% drop in the market. For a bullish outlook on Bitcoin, reconquering the $82,000 level would be necessary.”
The chart below illustrates these critical price levels:
Key support and resistance levels for Bitcoin
Crypto Wendy O
