Bitcoin sheds nearly all Trump election gains in plummet under $80K
Bitcoin has fallen below $80,000 for the first time in over three months as macroeconomic uncertainty mounts over Donald Trump’s proposed tariffs.
Bitcoin has fallen under $80,000 for the first time since November amid mounting macroeconomic uncertainty over US President Donald Trump’s proposed tariffs.
On Feb. 27, Bitcoin plummeted to $79,752, according to TradingView data. The price 2.65% decline over the past hour led to $80.28 million in long positions liquidated, per CoinGlass data.
Bitcoin last traded at this level on Nov. 11, just days after Trump was elected US President, amid optimism that his pro-crypto policies would lead a Bitcoin rally in 2025.
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Author: Ciaran Lyons
