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Bertani thinks the biggest factor driving the crash is the market overheating. Bitcoin rose by over 200% between October and December of last year as huge numbers of new investors poured cash into the sector. Other cryptocurrencies rose alongside bitcoin and many market watchers argued that this created unsustainable bubble-like market conditions. Bitcoin Price Won't Fall Below $8.2K During This Crash: PlanB Despite the current slide, the Bitcoin price is still up by more than 20% since the start of the year. Crypto Market Rout Continues. Apart from Bitcoin, the altcoin market is also seeing red, causing the total cryptocurrency market capitalization to shed over $25 billion in the last 24 hours.