‘Crypto winter’: Why is Bitcoin crashing despite Trump’s support?

Al JazeeraEN 5 min read 100% complete by Priyanka ShankarFebruary 6, 2026 at 02:54 PM

AI Summary

long article 5 min

Bitcoin's price has significantly declined since October 2025, recently hitting a yearly low below $66,000. This downturn follows a peak of over $127,000 and a subsequent drop to $90,000 in December. The decline is attributed to volatility in global markets, including sell-offs in stocks and fluctuations in precious metals. A key factor is the reversal of institutional demand, with US exchange-traded funds (ETFs) selling off Bitcoin after buying it up last year. Analysts suggest that traditional investors are losing interest, contributing to growing pessimism in the crypto market, with specialized US spot Bitcoin ETFs experiencing significant outflows in recent months.

Key Entities & Roles

Key Player Opposition Context

Reuters 30% Bhutan 40% Adam Morgan McCarthy 50% Donald Trump 50% United States ×250% Deutsche Bank 60% CryptoQuant 60% Kaiko 60% Bitcoin ×1195%

Keywords

bitcoin 100% cryptocurrency 90% crypto winter 80% price fall 70% exchange-traded funds 60% market volatility 60% investor pessimism 50% global stocks 40%