Bitcoin Falls Below Its Closing Price on 2024 US Election Day
Odaily Odaily reports that Bitcoin has continued its decline this week, recently trading at $60,619, which is approximately 12.6% below its closing price of around $69,355 on November 5, 2024, US Election Day. It briefly dipped below $60,000 for the first time since 2024, representing a nearly 52% drop from its all-time high. After Trump's re-election in 2024, Bitcoin rose above $75,000 and reached around $109,000 in January 2025; in October 2025, Bitcoin hit a high of $126,080 before subsequently falling from above $121,000 to $106,000 amidst a $19 billion liquidation in the crypto market. In January 2026, Bitcoin ETFs saw net outflows exceeding $1.5 billion. Michael Saylor's Strategy sold 32 bitcoins at the end of May, valued at approximately $2.5 million; Trump recently stated he would not disappoint the crypto industry. The GENIUS Act was signed into law last year, while the Clarity Act, after passing a committee vote in May, has yet to complete its legislative process. (Decrypt)
