Is Bitcoin on the Verge of a Bear Market? Experts are divided on the subject. Since a meltdown last month, the price of bitcoin has been falling. Experts, on the other hand, can't seem to agree on which way the market is heading. They warn that things may be much worse. In just 24 hours, Dogecoin has lost 33% of its value. Bitcoin's price has dropped by more than a third in the last month.