Bitcoin's price has fallen 11% to $67,000, its lowest in 15 months, marking a 46% drop since its October 6 record high. This decline has severely impacted major crypto companies like Coinbase and Strategy, as well as several Trump-related crypto ventures.
The price of Bitcoin continued its monthslong slide, dropping an additional 11% on Thursday to $67,000, reaching its lowest level in 15 months. This represents a 46% loss in value since its record high of $126,210.50 on October 6. The downturn has significantly impacted companies in the crypto space, with Coinbase Global falling 9.1%, Robinhood Markets losing 8.1%, and Bitcoin mining company Riot Platforms dropping 10%. Strategy, a major crypto treasury company, saw its shares tumble 13% and is currently underwater on its investment, holding Bitcoin worth $47.8 billion against a cost of $54.3 billion. Additionally, several Trump-related crypto ventures have experienced sharp declines: American Bitcoin fell 6.6% and is down over 80% since October 7, the World Liberty Financial token ($WLFI) dropped to $3.25 billion from over $6 billion, and the $TRUMP meme coin is now $3.93, a fraction of its $45 price before Trump's inauguration. Bitcoin prices had initially surged after President Donald Trump's 2024 election due to expectations of a crypto-friendly administration.
