Bitcoin plunge continues, erasing gains since Trump’s election | Crypto News
The world’s most popular cryptocurrency has fallen nearly 20 percent in value since the start of 2026.
Published On 5 Feb 2026
Bitcoin has dropped below $71,000, adding to a week of losses that have wiped out all of its gains since United States President Donald Trump’s re-election in 2024.
The world’s most popular cryptocurrency fell more than 7 percent on Thursday, continuing a steep downward slide that began in mid-January.
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Bitcoin, which is famed for its wild price swings, was trading at about $70,900 as of 04:30 GMT.
The latest slide takes the value of the digital asset down by nearly 20 percent since the start of the year.
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