Bitcoin, which had reached a record-breaking high in the last few weeks, has fallen again. It hit its lowest point for several weeks on Thursday morning after investors sold their crypto ETFs.
CoinGecko shows data that at 9am ET the largest cryptocurrency fell below $92,000. It hit a low in 2025 of $91,925. It's now up and is trading for about $93,700. The asset has fallen by 3.5% over the past seven days.
Investors are pulling out of the American Bitcoin ETFs, which started were approved one year ago and trade on stock exchanges—and that substantial pullback is likely putting downwards pressure on the price of the asset itself.
On Wednesday, a total of $568.8 million left the funds—the most in one trading day since December 19.
After the Federal Reserve published its minutes of its December meeting and hinted that interest rates could remain high, this bearishness was evident.
Bitcoin and other cryptocurrency tend to thrive in an environment of low interest rates, and they have greatly benefited from reports that the Federal Reserve is lowering borrowing costs.
Ethereum, too, is dropping in price: the second-biggest cryptocurrency was at one point trading for $3,216 on Thursday, similarly marking ETH's lowest price registered so far in 2025. It's now priced at $3,275 after recovering. Over 24 hours, it's actually up by 1.5% as of this writing—thanks to its jump back up—but over the week, it's down by more than 5%.
The Ethereum ETFs were also emptied of $159,000,000 on Wednesday. That's the largest amount in a single day since July, the month that the funds began trading, according to Farside data.
Ethereum hasn’t experienced the same popularity of its Bitcoin equivalents and has not seen the coin reach new heights as the oldest cryptocurrency. Ethereum’s price is currently 33% lower than its all-time high of $4 878, which was set in 2021.
Bitcoin’s December high was over $108,000. It's now nearly 13% lower than that level.
Andrew Hayward is the editor