Meanwhile, the second-largest cryptocurrency, Ether (ETH), has also dropped significantly.
Digital Desk: On Monday, the crypto winter hit hard, with the price of a single Bitcoin falling to about $25,600, an 18-month low.
The world's largest cryptocurrency fell another 7% on fears of a risk-off attitude due to a substantial spike in global inflation, particularly in the United States.
Bitcoin hit an all-time high of almost $68,000 in November 2021 but has since dropped by more than 60%.
Economists predict that Bitcoin will surpass $14,000 this year at this rate.
In a Twitter conversation, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, predicted 2022 that Bitcoin would "capitulate".
"In the next 670 days, BTC will capitulate in the next 6 months and hit cycle bottom ($14-21k), then chop around $28-40k in most of 2023 and be at ~$40k again by next halving," tweets read.
Bitcoin would have dropped roughly 80% from its all-time high of $68,000 to the projected bottom range of $14,000.
Meanwhile, the second-largest cryptocurrency, Ether (ETH), has also dropped significantly.
Over the weekend, Ethereum values dropped, bringing the world's second-largest digital asset down below its 2018 high.
The Ethereum market has slipped below the 'ETH Realized Price' of $1,781, according to the on-chain analytics service Glassnode.
On Monday, the cryptocurrency fell to $1,355 resulting in unrealized losses of over 40%.
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