Bitcoin Crashes Below $67K, Erasing All Gains Since Trump's Election Win
Summary
Bitcoin’s price fell below $67,000, marking its lowest level since before Donald Trump’s electoral victory 15 months ago. Over the past week, Bitcoin dropped 23% to $66,753. Ethereum fell by nearly 33% to $1,936, and Solana by 30% to $84. Broader losses in tech stocks accompanied the crypto decline; the Nasdaq fell 1.6% and the S&P 500 dropped 1.2%. The cryptocurrency downturn is attributed to weakened investor sentiment and reduced appetite for risk, partly due to concerns over risks from emerging artificial intelligence technology. Despite unchanged fundamentals, crypto market sentiment is notably weak.
