Bitcoin has dropped to its lowest level since Donald Trump was elected in November 2024, erasing the gains registered by the digital asset since the crypto-friendly US president won his return to the White House.
The largest cryptocurrency extended its almost four-month slide, falling below $74,424.95, the lowest price of 2025. That level was seen on April 7 after Mr Trump’s initial tariff plan upended financial markets worldwide.
“A lot of the traders were trying to buy the dip, betting on a rebound above $80,000,” said Bohan Jiang, senior derivatives trader at FalconX. “As Bitcon drifts lower, a lot of those positions have been liquidated, putting pressure on prices.”
Bitcoin fell as much as 7 per cent to $72,877 on Tuesday in New York, i
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