Bitcoin Slumps Below $80,000 As Crypto Rout Wipes Nearly All Post-Election Gains
Topline
The price of bitcoin dropped below $80,000 Friday, its lowest level since last November, amid a crypto selloff that has wiped out nearly all of the token’s post-election gains as concerns mount about the economic impact of President Donald Trump’s tariffs.
Bitcoin’s price has fallen more than 25% from its all-time high on Trump’s inauguration day.
Key Facts
The price of bitcoin, the world’s most valuable cryptocurrency, stood at $78,949 early on Friday—after falling more than 8.5% over the past 24 hours.
In the past seven days, bitcoin’s price has plummeted nearly 20%.
Bitcoin’s slump comes amid a wider crypto market selloff, with the price of…
