Біткойн знизився на 25% від свого історичного піку після інавгурації Трампа.

This is reported by Bloomberg, as conveyed by Ukrinform.

According to the information, in Singapore at 12:05 PM local time on February 28, the cryptocurrency dropped by 5.5% to $79,627, marking its lowest point since November 10. This decline was part of a broader downturn: Ether, the second-largest cryptocurrency globally, fell by 7.3%, while Solana and XRP tokens decreased by 7.1% and 7.8%, respectively.

As of 7:00 AM in London, the cryptocurrency had declined by 5.8% to $79,363, recording a drop of more than 25% since reaching its historical peak less than six weeks ago. Ether, Solana, and XRP also experienced declines of over 7%.

Overall, Bitcoin has fallen by more than 20% in February. If this trend continues until the end of Friday, it will mark the largest monthly decline since June 2022.

The price drop highlights the volatile nature of digital assets, which had previously surged following Trump’s election victory. Bitcoin reached its all-time high of $109,241 on January 20, the day of Trump’s inauguration, but has since fallen due to concerns over the president's aggressive stance and general economic worries in the USA.

This has also impacted American exchange-traded funds that trade Bitcoin: on Tuesday, investors withdrew over $1 billion, marking the largest single-day outflow since their debut last year.

A representative from the cryptocurrency firm Bitgo Inc. stated that traders are still waiting for Trump, who is viewed as a cryptocurrency supporter, to take specific actions for the sector, including the establishment of a Bitcoin reserve.

As reported by Ukrinform, U.S. President Donald Trump ordered the creation of a working group on cryptocurrencies, which is tasked with proposing new regulatory frameworks for digital assets and exploring the possibility of establishing a national cryptocurrency reserve.