Post-Election Gains Erased Bitcoin has dropped to its lowest level since Donald Trump’s return to the White House.
During Tuesday's New York trading session, Bitcoin experienced a decline of up to 7%, retreating to $72,877, marking its lowest point since November 6, 2024.
On Wednesday, the asset saw a slight recovery in Asian markets, attempting to stabilize around the $75,800 level.
Reasons for Market Selling Pressure Despite expectations for a crypto-friendly administration and increasing institutional adoption, Bitcoin has lost approximately 40% of its value since reaching record highs in early October.
The total decline since the beginning of the year has reached 13%.
The selling pressure in the market was triggered on October 10 by Trump’s statements regarding customs tariffs and gained momentum with the liquidation of $19 billion in leveraged positions.
Since December, economic uncertainties and concerns over artificial intelligence-focused valuations have continued to suppress investor appetite.
While some institutional investors have chosen to maintain their current positions, sales by large long-term investors and a decrease in retail investor participation have been influential in the decline.
Similarly, indices tracking small-scale digital assets have also observed sharp declines over the past year.
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Bitcoin Erases Post-Trump Gains: 2025 Lows Tested
Bitcoin has fallen to its lowest level since November 6, erasing the momentum gained following Donald Trump's election victory as it retreats toward the $73,000 mark.
Sources
- Bloomberght · baglanti