A visitor stands near a Bitcoin logo during Blockchain Forum 2026 in Moscow, Russia, April 15. EPA-Yonhap
WASHINGTON — Bitcoin dropped below $60,000 on Friday, its lowest level since October 2024, just before Donald Trump's election, which propelled it to a record high.
The currency fell by about 6 percent around 1615 GMT, to $59.7709, before paring its losses slightly.
The election of Trump, a staunch advocate of cryptocurrencies, to the White House for a second term in November 2024 sparked a wave of enthusiasm in the sector, sending the price of bitcoin soaring to nearly $110,000.
The current dip has ben caused by factors including one corporate selloff, according to Emma Bernuau, a consultant at Eurosagency.
