Crypto market in free fall as Bitcoin plunges below $70,000 while shares of Coinbase and Circle tumble

Some thought that Bitcoin’s nosedive couldn’t get any worse. They were wrong. The original cryptocurrency dipped to under $68,000, its lowest level since October 2024, just before President Donald Trump’s election. That marks a 46% decline since Bitcoin’s all-time high of $126,000 just four months ago, according to Binance. 

Major crypto companies are being dragged down with it. Coinbase, the largest cryptocurrency exchange in the U.S., has seen its stock decline by 50% in the last three months and is currently trading around $151.