\n<\/p>\n
Bitcoin\u2019s price sank to $63,000 on Thursday, its lowest level in more than a year, and half its all-time peak of $126,000, reached in October 2025. A months-long dip in cryptocurrency prices has tanked shares of companies that have increasingly invested in bitcoin, exacerbating broader stock market jitters.<\/p>\n
Bitcoin rode a high during Donald Trump\u2019s ascent to the presidency in 2024 and throughout 2025; its price steadily increased as the president made one industry-friendly move after another. Crypto\u2019s largest currency hit $100,000 for the first time in December 2024 and even rose to a record high of $126,210.50 on 6 October, according to Coinbase. But bitcoin\u2019s valuation has dipped over the last few months, falling especially hard in January and the start of February.<\/p>\n
Companies that went all in on bitcoin have been hit hard in the recent sell-off. CoinGecko data shows that the global crypto market has lost $2tn in value since early October. Multiple cryptocurrency ventures backed by the Trump family and listed on the stock market saw their values decline in response to bitcoin\u2019s slump.<\/p>\n
Bitcoin, which emerged after the 2008 financial crisis as a way to bypass banks and traditional payment methods, is the world\u2019s most valuable cryptocurrency. The second-largest cryptocurrency, ether, has faced losses of more than 30% this year alone, adding insult to injury after it missed out on the boom of 2025.<\/p>\n
In addition to financial disaster, the cryptocurrency faces regulatory headwinds. Some Democrats and watchdogs in the US have raised alarms about Trump\u2019s conflicts of interest around cryptocurrencies and a lack of regulation under the current administration. US representative Ro Khanna said on Wednesday that he planned to investigate World Liberty Financial, following reports from the Wall Street Journal that a member of the Emirati royal family backed a $500m investment into the Trump family\u2019s cryptocurrency company. Khanna wrote in a statement that the reported deal \u201cmay have contributed to changes to US policy\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin\u2019s price sank to $63,000 on Thursday, its lowest level in more than a year, and half its all-time peak of $126,000, reached in October 2025. A months-long dip in cryptocurrency prices has tanked shares of companies that have increasingly invested in bitcoin, exacerbating broader stock market jitters. Bitcoin rode a high during Donald Trump\u2019s<\/p>\n","protected":false},"author":1,"featured_media":43840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[15175,639,4398,2661,855],"class_list":{"0":"post-43839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-crunch","10":"tag-crypto","11":"tag-loses","12":"tag-months"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/43839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43839"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/43839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/43840"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}