Bitcoin and Ethereum Hit Lowest Levels Since 2025 as Investors Dump ETFs – Decrypt

Bitcoin reached a new all-time high last month, but has since dropped to its lowest level in weeks on Thursday morning as investors are cashing out of crypto ETFs.

According to CoinGecko data, the biggest cryptocurrency fell below $92,000 per coin at 9am ET, hitting a low of $91,925 for the first time in 2025. It has since recovered and is now trading around $93,700, but still down by 3.5% over the past seven days.

Investors are withdrawing from American Bitcoin ETFs, approved a year ago and traded on stock exchanges, leading to downward pressure on the asset’s price.

On Wednesday, $568.8 million was withdrawn from the funds, the most in a single trading day since December 19.

The downward trend followed the release of Federal Reserve minutes from the December meeting, suggesting higher inflation under President Donald Trump and potentially high interest rates.

Bitcoin and other cryptocurrencies perform well in a low-interest-rate environment, benefiting from news of lower borrowing costs from the Federal Reserve.

Ethereum, the second-largest cryptocurrency, also saw a price drop, hitting $3,216 on Thursday, its lowest price in 2025. It has since recovered to $3,275, up 1.5% in 24 hours, but down by over 5% for the week.

Investors withdrew $159 million from Ethereum ETFs on Wednesday, the largest amount since July when the funds began trading.

Unlike Bitcoin, Ethereum has not reached new highs and remains nearly 33% below its peak price of $4,878 in 2021.

Bitcoin hit a new all-time high of over $108,000 in December, but is now nearly 13% lower than that level.

Edited by Andrew Hayward