Bitcoin’s troubles continue as the asset has returned below $26,000 after exceeding that level yesterday following the price flash crash.

Most altcoins have also seen daily declines, with ETH and BNB dropping by 1.5% once more.

BTC Still Below $26K

The primary cryptocurrency was stuck in a tight range between $29,200 and $29,500 for a week until a few days ago. It tried to break out toward $30,000 on Monday but was stopped in its tracks, and the subsequent rejection pushed it back south to around $29,000.

By Thursday, BTC had lost half a grand more, but the worst was yet to come. Speculations arose that SpaceX had disposed of its remaining bitcoin stash, and the asset reacted with an immediate price drop that drove it all the way down to $25,300 on several exchanges.

This became its lowest price tag in just over two months. BTC bounced off initially and reclaimed $26,000, but another 1-2% decline in the past 24 hours has pushed it to just under that level.