Bitcoin price falls to lowest level since Trump's re-election

The price of Bitcoin has dipped below the $60,000 mark, hitting its lowest level since Donald Trump's re-election in November 2024. The world's most well-known cryptocurrency saw its value fall by approximately 6% on Friday evening, reaching $59,770.90 (around 51,800 euros) before recovering some of those losses.

This recent decline follows a trend of fluctuating prices over recent months. The cryptocurrency's value had not been this low since October 2024, shortly before Trump secured his second term as U.S. President. Following his re-election, Bitcoin and other digital currencies experienced a significant surge in value. Trump had previously expressed support for cryptocurrencies during his campaign, promising a less stringent regulatory environment.

Bitcoin's price had previously surpassed the $100,000 mark for the first time in December 2024. Created in 2008, Bitcoin remains the oldest and most recognized cryptocurrency, though the identity of its creator or creators remains unknown. While the currency is known for its volatility, it has also seen substantial long-term growth.