Bitcoin Plunges 50% from Peak as $1.2 Trillion Wiped from Market Cap

Bitcoin has entered a significant bear market phase, recording a sharp decline of 49.53% from its all-time high (ATH). This massive correction has resulted in the loss of approximately $1.2 trillion in total market capitalization, signaling a major deleveraging event across the digital asset space. Market participants are now closely monitoring technical indicators to identify potential support zones that could establish a definitive price floor. Analysts suggest that the current volatility reflects broader macroeconomic pressures and a fundamental shift in investor sentiment toward risk assets. As the search for a market bottom continues, the focus remains on whether BTC can stabilize above key psychological levels. This drawdown represents one of the most significant stress tests for the crypto ecosystem in recent years.