Bitcoin has fallen below $92,000, wiping out several billion from the market capitalization and signaling a change in sentiment in the crypto market.

The price of Bitcoin has dramatically fallen below the critical threshold of $92,000, marking a significant reversal after reaching a historic record of over $126,000 in October. This decline has wiped out all gains from 2025 and led to a loss of approximately $600 billion from market capitalization, confirming the entry into a 'bear market regime.' The causes of this collapse include adjustments in interest rate expectations, significant capital outflows from Bitcoin ETFs, and a sentiment of 'extreme fear' in the market. If the support at $92,000 does not hold, the price could drop towards the April lows, around $74,000. Altcoins, such as Ethereum and Solana, have also experienced significant declines. Analysts emphasize that although the market is facing a severe correction, this could be a necessary phase in a long-term growth cycle.