Yesterday, the price of Bitcoin fell to its lowest level since US President Donald Trump’s re-election in early November 2024, fueling hopes that this will increase administration support for cryptocurrencies.
Cryptocurrency markets have lost about $500 billion in market value over the past five days, led by Bitcoin, which traded at less than $73,000 yesterday and losses have since narrowed.
market value
This is despite the fact that Bitcoin-traded funds posted positive investments of approximately $560 million last Monday, the highest since January 14th.
Today (Tuesday), Bitcoin fell by around 2.7% to $7,6429.12 within 24 hours, while Ether fell by 1.75% to $2,276.11.
This decline affected most cryptocurrencies, with the market value decreasing by 2.46% to approximately $2.58 trillion, of which Bitcoin’s market value was approximately $1.5 trillion.
Bitcoin prices fell yesterday to their lowest levels since US President Donald Trump was re-elected in early November 2024, raising hopes for more supportive management of the cryptocurrency.
Cryptocurrency markets have lost about $500 billion in market capitalization over the past five days, led by Bitcoin, which traded below $73,000 yesterday and has since narrowed its losses.
Market capitalization
This is despite the fact that Bitcoin exchange-traded funds posted positive investment of about $560 million last Monday, the highest since January 14th.
Today (Tuesday), Bitcoin fell by around 2.7% over the past 24 hours to $76,429.12, while Ether fell by 1.75% to $2,276.11.
This decline affected most cryptocurrencies, with market capitalization decreasing by 2.46% to approximately $2.58 trillion, of which Bitcoin’s market capitalization was approximately $1.5 trillion.
