October is usually a month for innocent frights and fun scares, but for Bitcoin investors, this month has left many holding the token legitimately fearful.

In the last 24 hours alone, the cryptocurrency king has lost nearly 7% of its value. Bitcoin is currently sitting at below $104,000 per token. That’s especially notable considering that the cryptocurrency hit an all-time high of more than $126,000 just 12 days ago.

Here’s what you need to know about Bitcoin’s most recent crash.

Bitcoin’s tumultuous 2025

Bitcoin has been on a wild ride in 2025. The token began the year with considerable faith from investors, largely due to the incoming Trump administration, which clearly favored cryptocurrencies more than any other presidential administration before it.

In the weeks surrounding Trum

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