It’s another bad day for Bitcoin. Over the past 24 hours, the digital token has declined nearly 4.5%, putting it just above $63,000 and within range of its 52-week low.

But this time, Bitcoin’s fall seems to have nothing to do with the token itself—or the broader cryptocurrency market. Rather, its steep drop seems to be driven by three unrelated factors, to varying degrees.

Here’s what you need to know:

Bitcoin approaches 2026 and 12-month lows

Since Bitcoin hit an all-time high of just over $126,000 per coin in October, the digital token poster child has had a dramatic fall from grace.

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The coin’s momentum, which seemed unstoppable last fall, has sharply reversed course. At its current price of around $63,192, it is now down 50% from its all-time high. 

And this isn’t even the worst drop that Bitcoin has suffered recently. Earlier this month, Bitcoin fell to $62,353 before rebounding.

Now, Bitcoin is again within touching distance of this February’s low.

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