Bitcoin’s Roller‑Coaster Ride: From $70k Highs to a Sharp Drop

Bitcoin climbed past the $70, 000 mark before it fell back, mirroring a sharp decline in Nvidia’s shares. The tech giant’s stock slipped about 5 % after its earnings report, pulling the S&P 500 and other major indices down as well. Even though Nvidia reported solid numbers, investors worried that the company’s focus on artificial‑intelligence hardware could create a bubble in the sector. The drop showed that Bitcoin is not behaving like a safe‑haven asset. When the stock market falls, Bitcoin often drops even more sharply. Over the past month, for example, the S&P 500 slipped by about 1 %, while Bitcoin fell roughly 25 %. This pattern highlights a growing “risk‑aversion” mood among investors.Bitcoin’s recent slump extends a long period of decline that began in October, when the cryptocurrency hit an all‑time high of about $126, 000. That peak came after former President Donald Trump expressed a more supportive view of the crypto industry. Since then, Bitcoin has lost a large portion of its value. Other major coins have followed the same trend. Ethereum is down about 33 % in the last three months, trading near $2, 000. Solana has dropped 40 % in the same period, now worth around $85, according to Binance data. The whole market feels the impact of a broader sell‑off. Experts predict that Bitcoin will keep experiencing sharp price swings. One analyst explained that the cryptocurrency is in a “volatility regime, ” meaning it will remain highly reactive to changes in exchange‑traded fund flows, economic data releases, and specific news events. Until the market’s liquidity improves, Bitcoin’s price will likely keep oscillating in large directions.