Here’s 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
👉 BTC is trading around ≈ $65,750 USD and showing a downturn today.
📉 Why People Are Calling It a “Bloodbath”
Current market conditions show a notable sell-off and heightened volatility in crypto and broader risk assets:
• Bitcoin has fallen about 5 % today, slipping below key psychological levels like ~$65,000, as traders react to macro news and tariff headline risk. �
• BTC has also experienced a larger downtrend recently, losing notable value month-to-month as sentiment shifts bearish. �
• Fear in the crypto markets is currently elevated (Fear & Greed extreme fear reading), which often accompanies sharp sell-offs. �
The Economic Times
CoinCodex
CoinCodex
Major financial news outlets are also reporting broader market declines, with Bitcoin’s price sliding sharply alongside global equities and risk assets. �
AP News
🧠 What’s Driving the Drop
Key factors pushing BTC lower:
Macro volatility — investors are rotating out of risk assets due to global policy and tariff concerns. �
AP News#newscrypto
Sentiment turning bearish — traders are risk-off, measured by sentiment indicators. �
CoinCodex
Technical selling — breaking key support levels often triggers automated stops/liquidations.
📊 So Is It Really a “Bloodbath”?
The term “bloodbath” 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:
✔ Strong down move today — yes (BTC down ~5%)#StrongerTogether
⚠ Market volatility overall rising — yes
✘ Massive crash with capitulation — 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!