Bitcoin fell over 10% to approximately $64,000, marking its lowest point since late 2024, as selling pressure intensified across global markets. The decline follows a broader selloff in tech stocks and increased volatility in risk assets, with Bitcoin losing 9.2% to $64,798, Ether dropping 9.7% to $1,900, and XRP falling 12.4% to $1.27. The total crypto market cap decreased by 8.2% to $2.29 trillion. The downturn is exacerbated by significant outflows from Bitcoin ETFs, with $3 billion withdrawn in January alone, according to Deutsche Bank. This trend reflects a loss of investor confidence rather than a systemic market failure. Analysts highlight that the crypto market's recent struggles are linked to softer US labor data and concerns over capital spending in the AI sector, which have dampened risk sentiment. Despite the current bearish trend, some experts suggest this period could present a buying opportunity for long-term investors.