FLASH
Shkruar nga Pamfleti
Bitcoin fell below $70,000 on Thursday for the first time since November 2024, wiping out all the gains it had made since Donald Trump was elected to his second term as US president.
The world's largest cryptocurrency fell nearly 5% to just above $69,000 as the digital token was caught up in a sell-off in tech stocks. It later recovered to trade 4% lower at $69,650, down more than 20% this year.
The price of ether, the second-largest cryptocurrency, fell 3% to $2,080, bringing its decline this year to nearly 30%.
Bitcoin had surged sharply after Trump's election victory, buoyed by his promise to make the US the "cryptocurrency capital of the world" and to get rid of a regulatory crackdown on the cryptocurrency industry.
Since taking office last year, the Trump administration has helped pass industry-friendly legislation, while regulators have lifted cryptocurrency enforcement measures, driving the price of bitcoin to a record high last summer of more than $125,000.
But it has since retreated as the wave of enthusiasm sparked by Trump began to fade and investors instead turned to precious metals as a long-term store of value, fueling a record rise in gold and silver. Key legislation regulating the cryptocurrency industry in the US has also stalled this year.
The declines accelerated this week amid a stock sell-off triggered by investor concerns over the impact of artificial intelligence on technology companies.
Shares of Michael Saylor's bitcoin aggregation company, Strategy, fell 8.2% on Thursday, down nearly 25% so far this year.
On the prediction market platform Kalshi, traders began placing bets last month on how low the price of bitcoin would fall this year. This indicates a roughly 75% chance of the price falling below $60,000.
Lini një Përgjigje