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.

Bitcoin on Tuesday fell below $70,000 for the first time since April amid deteriorating market sentiment.

Bitcoin's price tumbled over 7% overnight, hitting US$66,127 in early trade, marking a sharp downturn amid its ongoing 37% decline over the past year.