Why is Bitcoin falling? New fears in the crypto market

As selling pressure in the cryptocurrency market deepens, Bitcoin (BTC) started the week with a sharp decline. On the first trading day of the week, BTC closed down 4.41% at $64,630, and as of 07:00 TSI today, it tested $63,400.

Bitcoin had reached $59,930 on February 6, 2026, this year, marking the lowest level in the last 16 months. The price approaching this critical zone again increased market anxiety.
Why is Bitcoin falling?

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Why is Bitcoin falling? New fears in the crypto market
As selling pressure in the cryptocurrency market deepens, Bitcoin (BTC) started the week with a sharp decline. On the first trading day of the week, BTC closed down 4.41% at $64,630, and as of 07:00 TSI today, it tested $63,400.

Why is Bitcoin falling? New in the crypto market
Bitcoin had reached $59,930 on February 6, 2026, this year, marking the lowest level in the last 16 months. The price approaching this critical zone again increased market anxiety.
Why is Bitcoin falling?
Bitcoin (2)

Geopolitical risks: US–Iran tension
Despite ongoing diplomatic talks between the US and Iran, the military movements in the Middle East by the Washington administration strengthened the risk-avoidance trend in global markets. Rising geopolitical tension led to selling pressure on risky assets, including crypto assets.

Trump’s tariffs and trade concerns
US President Donald Trump’s announcement of new tariffs following a decision by the United States Supreme Court reignited concerns over global trade wars.

In the past week, approximately $400 million worth of Bitcoin has been sold in US-based exchange-traded funds (ETF).

Decline in US stock markets
Sharp sell-offs in software and technology stocks also negatively affected the crypto market.

Dow Jones Industrial Average: -1.66%

S&P 500: -1.04%

Nasdaq Composite: -1.13%

After statements about Anthropic’s new product Claude Code, an AI company, there was a sharp fluctuation in the software sector.

Notable declines:

IBM: -13.15%

Oracle Corporation: -4.57%

Microsoft: -3.21%

Adobe Inc.: -4.61%

CrowdStrike: -9.85%

This weakness in technology stocks also triggered a loss of confidence in crypto assets.

Critical threshold of $60,000
Analysts emphasize that the $60,000 level in Bitcoin is both a technical and psychological critical support.

Breaking below this level could deepen selling pressure. So far, BTC has experienced approximately 27% loss in 2026 trading. Additionally, the continuous decline over the past five months is noteworthy.