Bitcoin fell further from the $70,000 mark on Wednesday. This means that the volatility in the crypto market continues.
In Wednesday trading, the oldest and best-known cryptocurrency on the Bitstamp trading platform recently cost around 66,889 US dollars, around two and a half percent less than on Tuesday evening. At the end of last week, Bitcoin temporarily slipped below the $60,000 mark before recovering to more than $72,000 in a violent countermovement on Friday evening and over the weekend.
There are always violent swings in the volatile crypto market – which is why such extreme price movements have occurred several times in the history of Bitcoin. They highlight the high risks associated with purchasing cryptocurrencies.
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Bitcoin has been under strong pressure over the past few weeks and months. This year alone, the price fell by almost a quarter, after it had already fallen by around six percent in 2025. According to data from the Bloomberg news agency, it was only the fourth year of losses in the young history of the digital currency, which has been around since 2009.
Since the record high of more than $126,000 in October last year, the price has almost halved. Despite the losses of the past few months, Bitcoin has been one of the most successful asset classes in recent years.
Since the launch of the digital currency, the price has increased significantly. In the early years the price was in the cent range. But even in the years that followed, the price was in the three-digit dollar range for a long time. Things started to rise really quickly from the end of 2012. The increase since then is almost 500,000 percent. This means that the price has risen almost 5,000 times during this period.
In the wake of Bitcoin’s success, many other digital currencies were launched. There are now thousands of them. With a market capitalization of just over $1.3 trillion, Bitcoin dominates the market. Only Ethereum with around $235 billion and Tether with around $185 billion can reasonably follow in this category.
The provider CoinMarketCap puts the total capitalization of all cryptocurrencies at almost $2.3 trillion.
FRANKFURT (dpa-AFX)