{"id":9980,"date":"2026-02-13T06:00:28","date_gmt":"2026-02-13T06:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-back-at-65000-the-two-main-reasons-behind-todays-market-crash\/"},"modified":"2026-02-13T06:00:28","modified_gmt":"2026-02-13T06:00:28","slug":"bitcoin-back-at-65000-the-two-main-reasons-behind-todays-market-crash","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-back-at-65000-the-two-main-reasons-behind-todays-market-crash\/","title":{"rendered":"Bitcoin Back At $65,000 \u2014 The Two Main Reasons Behind Today\u2019s Market Crash"},"content":{"rendered":"

Bitcoin (BTC) resumed its downward trajectory on Thursday, falling toward $65,645 at the time of writing after once again failing to break through the major $70,000 resistance level.<\/p>\n

The pullback in the leading cryptocurrency has rippled across the broader digital asset market, with large-cap tokens, including Ethereum (ETH), XRP, and Solana (SOL),\u00a0posting similar declines.<\/p>\n

US Recession Signals And Potential Shutdown\u00a0<\/h2>\n

Market expert Ash Crypto attributed the latest selloff to two primary forces: deteriorating US economic data and the rising likelihood of a federal government shutdown.\u00a0<\/p>\n

In a post <\/a>published on X, he pointed to a series of weak macroeconomic indicators that have raised fresh concerns about the strength of the American economy.<\/p>\n

US home sales declined by 8.4% last month, marking the sharpest drop in nearly four years. At the same time, initial jobless claims came in higher than expected, signaling potential softness in the labor market.\u00a0<\/p>\n

Taken together, these developments suggest the economy may be losing momentum, increasing the risk of a recessionary environment.<\/p>\n

\"Bitcoin\"<\/p>\n

Compounding those concerns is the growing threat of a government shutdown. According to Ash, the probability of a shutdown occurring this week has surged to 96%. Such an event would likely weigh on both traditional financial markets and cryptocurrencies by tightening liquidity conditions.\u00a0<\/p>\n

He argued that the US economy is entering a period of turbulence that is already affecting equities, Bitcoin, and the broader digital asset market. In his view, market weakness could persist until there is a positive catalyst, such as a new trade agreement announced by President Donald Trump or a liquidity injection.<\/p>\n

Bitcoin At Risk?<\/h2>\n

Technical analyst Crypto Rover shared similar concerns, warning <\/a>that the “biggest threat to markets” has returned. He described the potential government shutdown as a serious liquidity hazard for financial markets.<\/p>\n

An additional complicating factor is the recent increase in the US debt ceiling to $41.1 trillion. While raising the ceiling prevents an immediate default, it also gives lawmakers more room to prolong negotiations without instantly halting government functions.\u00a0<\/p>\n

According to Rover, this flexibility paradoxically raises the risk of an extended shutdown because neither side faces immediate financial pressure to concede.<\/p>\n

The analyst also pointed to weakening labor market conditions, slowing retail spending, and rising corporate bankruptcies as evidence that the economic backdrop is deteriorating.\u00a0<\/p>\n

Ultimately, should a new shutdown materialize and persist for a longer period, the analyst warns that the liquidity drain could be significantly larger, intensifying pressure on both equities and cryptocurrencies like Bitcoin.<\/p>\n

Featured image from OpenArt, chart from TradingView.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) resumed its downward trajectory on Thursday, falling toward $65,645 at the time of writing after once again failing to break through the major $70,000 resistance level. The pullback in the leading cryptocurrency has rippled across the broader digital asset market, with large-cap tokens, including Ethereum (ETH), XRP, and Solana (SOL),\u00a0posting similar declines. US…<\/p>\n","protected":false},"author":1,"featured_media":9981,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[22,28,29,265,32,33,34,36,51,250,53],"class_list":["post-9980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-technical-analysis","tag-btc","tag-btc-news","tag-btc-price","tag-btcusdt","tag-crypto","tag-crypto-market","tag-crypto-news"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=9980"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9981"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}