Bitcoin has declined by 25% from its peak in less than six weeks, as traders reversed bets made after Donald Trump’s election. It dropped by 2.8% to $81,919.70, marking its lowest level since November 11.
This decline also affected other cryptocurrencies such as Ethereum, Solana, and XRP.
The drop is attributed to concerns over Trump’s hostile stance and fears of slowing U.S. economic growth.