Bitcoin Plummets to Lowest Value Since Trump's Presidency

Bitcoin experienced a sharp decline, hitting its lowest value since the Trump administration, amidst market volatility and leveraged trading.

On February 3, Bitcoin saw a significant drop of approximately 8%, momentarily falling below the $73,000 benchmark. However, a swift recovery brought the cryptocurrency back to around $74,500 as of the latest update, limiting the intra-day decrease to 5.8%.

This downturn represents the lowest value recorded during Donald Trump's presidency and the weakest point since the November 2024 Presidential Election. The recent selloff has raised concerns about market stability as external economic factors contribute to the turbulence.