Bitcoin Slumps to $64k: Can It Reclaim $70k with US Interest Rate Cut?

Bitcoin has hit yet another roadblock at $64k, leading to a decline of 1.7% in the last 24 hours and 3.7% in the past month, according to CoinGecko.

The cryptocurrency's price has been on a downward trend since its all-time high of $126,080 in October 2025, with a nearly 50% drop. This decline is largely attributed to increased macroeconomic worries and global geopolitical tensions, which led to an exodus of investors from the market.

Bitcoin also tends to follow a four-year pattern, having hit new all-time highs in 2017, 2021, and 2025. Based on this pattern, it's possible that BTC could reach a new peak in 2029.

For Bitcoin to reclaim the $70k price level, several factors need to come into play. A decrease in inflation and interest rates could attract retail investors back into the market, while the potential passing of the CLARITY Act could boost investor confidence.