The Real Value of Bitcoin Has Fallen by 62% If you look at the market superficially, it may seem that if a bear market has begun, we’re only at the very start of it. But that’s an illusion. Most likely, we’re close to its completion or have already reached the bottom. Almost everyone continues to look at the BTC price in dollars, and that’s a poor and distorting measurement tool. The dollar has been heavily devalued over the past few years.