Bitcoin dips below 2024 US Election Day closing price
Odaily Planet Daily News Bitcoin extended its decline this week, recently trading at $60,619, about 12.6% lower than its closing price of approximately $69,355 on November 5, 2024, US Election Day. It briefly fell below $60,000 for the first time since 2024, retreating nearly 52% 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 falling from above $121,000 to $106,000 amid a $19 billion liquidation in the crypto market. In January 2026, Bitcoin ETFs saw net outflows of over $1.5 billion. Michael Saylor's Strategy sold 32 Bitcoin in late May, worth approximately $2.5 million. Trump recently stated he will not let the crypto industry down. The GENIUS Act was signed into law last year, while the Clarity Act has not yet completed the legislative process after passing a committee vote in May. (Decrypt)
