Crypto selloff accelerates with bitcoin back at pre-Trump-election levels
WASHINGTON, Feb 3 — Bitcoin dipped below US$75,000 (RM300,000) yesterday, returning to levels seen before US President Donald Trump’s re-election, as investors pulled back from risky assets and US cryptocurrency legislation stalls.
Digital currencies had soared after Trump was elected in November 2024, as he was widely viewed as a strong supporter of the sector.
One month later, bitcoin — the world’s largest cryptocurrency — crossed the US$100,000 mark for the first time, a milestone Trump publicly celebrated.
Bitcoin suffered a sharp setback in April, falling below US$75,000 after the announcement of sweeping US tariffs rattled global markets.
The volatile asset later resumed its rise,…
