Summary
The price of Bitcoin has dropped to its lowest level since October 2024, despite support from President Donald Trump. Previously surging, Bitcoin reached an all-time high of $122,200 last October, but is now valued at $66,000, with a 24% decrease since the beginning of the year.
Key Facts
- Bitcoin's value is now $66,000, the lowest since October 2024.
- Bitcoin's price dropped 24% since the start of the year.
- In October, Bitcoin hit an all-time high of $122,200.
- President Trump has shown strong support for cryptocurrencies.
- Trump aimed to make the US the "crypto capital of the planet."
- Trump introduced a cryptocurrency brand with profits going to his companies.
- Bitcoin and other cryptocurrencies have lost over $2 trillion in market value since October.
- Deutsche Bank notes that traditional investors are losing interest in cryptocurrencies.
