Bitcoin is down nearly 50% and the debate over its value is heating up again
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Bottom line: After climbing above $123,000 in July 2025, bitcoin has fallen to around $66,475, giving back nearly half its value. The decline hasn't occurred in a vacuum. The Nasdaq Composite has also slipped, and gold has retreated from its highs as well. Taken together, the moves suggest investors are reassessing risk rather than reacting to something unique to crypto. Daniel Sotiroff, associate director of ETF and Passive Strategies Research at Morningstar, doesn't see the decline as a sign of a structural shift. "I think a lot of this is crypto being crypto," he told CNBC.
It's another reminder that volatility is inherentto this asset. Some investors are taking profits after bitcoin's recent run-up. Others are concerned that interest rates may remain high, which tends to weigh on speculative investments. At the...
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