Hereâs the latest market snapshot for Bitcoin (BTC) as of today (Feb 23, 2026):
Bitcoin (BTC) BTC $BTC
$65750.00
-$2241.00 (-3.30%) Today
1D
5D
1M
6M
YTD
1Y
5Y
đ BTC is trading around â $65,750 USD and showing a downturn today.
đ Why People Are Calling It a âBloodbathâ
Current market conditions show a notable sell-off and heightened volatility in crypto and broader risk assets:
âą Bitcoin has fallen about 5 % today, slipping below key psychological levels like ~$65,000, as traders react to macro news and tariff headline risk. ïżœ
âą BTC has also experienced a larger downtrend recently, losing notable value month-to-month as sentiment shifts bearish. ïżœ
âą Fear in the crypto markets is currently elevated (Fear & Greed extreme fear reading), which often accompanies sharp sell-offs. ïżœ
The Economic Times
CoinCodex
CoinCodex
Major financial news outlets are also reporting broader market declines, with Bitcoinâs price sliding sharply alongside global equities and risk assets. ïżœ
AP News
đ§ Whatâs Driving the Drop
Key factors pushing BTC lower:
Macro volatility â investors are rotating out of risk assets due to global policy and tariff concerns. ïżœ
AP News#newscrypto
Sentiment turning bearish â traders are risk-off, measured by sentiment indicators. ïżœ
CoinCodex
Technical selling â breaking key support levels often triggers automated stops/liquidations.
đ So Is It Really a âBloodbathâ?
The term âbloodbathâ is often used when prices plunge extremely fast (e.g., 20-30%+ moves). While Bitcoin is dropping significantly today and has been trending lower, most data reflects:
â Strong down move today â yes (BTC down ~5%)#StrongerTogether
â Market volatility overall rising â yes
â Massive crash with capitulation â not confirmed (yet) according to major price levels and sentiment indices.
However, if key support levels fail and selling accelerates, that could turn into a deeper correction.
If you want the current exact BTC price in Pakistani Rupees (PKR) too, just tell me!