$BTC

Bitcoin’s price fell significantly in the past hours of trading on Thursday, erasing all of its gains from early 2025, as a sell-off in cryptocurrencies accelerated due to macroeconomic concerns and the global bond crisis.

The largest digital currency fell to a session low of $92,600 during U.S. trading hours, down about 10% in two days from its peak on Monday of more than $102,000. It has recently recovered some of its losses and is now trading at $94,300, down 2.5% in the past 24 hours.

Cardano (ADA), Render (RNDR), and Aptos (APT) led the losses in the overall market, with the coins falling more than 3% in the past 24 hours.

The two-day crash led to the liquidation of nearly $1 billion in leveraged derivatives positions on cryptocurrencies, most of them long positions that were betting on higher prices, according to Coinglass data. The plunge also temporarily pushed bitcoin below its level at the start of the year.