Bitcoin has dropped from its record high of $126,000 last fall to just above $60,000.
The cryptocurrency has underperformed stocks and gold during Trump's second term despite initial rally expectations.
Investors are shifting focus to AI investments and the hot IPO market while awaiting potential regulatory clarity from the CLARITY Act.
AI-generated summary was reviewed by a CNN editor.
Since hitting a record high of $126,000 last fall, bitcoin has dropped to just above $60,000 amid waves of selling. That has erased more than $1.2 trillion in market cap in eight months and wiped out all gains across President Donald Trump’s second term.
