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.

WASHINGTON — Bitcoin dropped below $60,000 on Friday, its lowest level since October 2024, just before Donald Trump's election, which propelled it...

Bitcoin surged in the wake of President Trump's reelection, pushing to new highs deep into 2025. Now it's down more than 50% from that peak.