Bitcoin Slide From All-Time High Hits 28% as Crypto Rout Worsens
(Bloomberg) — A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.
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The original cryptocurrency tumbled as much as 7.2% to $78,226 at one point Friday, bringing its decline from the all-time high reached less than six weeks ago to 28%. Bitcoin later pared the loss, and ended up trading little changed on the day. Bitcoin fell around 18% in February, the biggest monthly drop since June 2022.
“Some large players just said at the end of the day, ‘you know what, I’m just going to throw in the towel,” said…
