Summary
Bitcoin's value has fallen below $71,000, erasing the gains it made since President Donald Trump’s re-election in 2024. The cryptocurrency, known for major price changes, has dropped nearly 20% since the year began, amid broader financial market declines. A proposed bill supported by President Trump to regulate cryptocurrency trading is currently stalled in the U.S. Senate.
Key Facts
- Bitcoin dropped below $71,000, losing all gains since President Trump’s re-election.
- The cryptocurrency saw a decrease of over 7% on Thursday.
- Bitcoin's value has fallen nearly 20% since the start of 2025.
- It first reached $100,000 in December 2024 and has been dropping since October 2025.
- The Trump administration showed interest in making the U.S. a hub for cryptocurrency.
- President Trump launched a crypto company named World Liberty Financial.
- A proposed Trump-supported bill on cryptocurrency regulation is stalled in the U.S. Senate.
- A U.S. lawmaker plans to investigate World Liberty Financial after a reported investment deal.
