"The price of Bitcoin has fallen to its lowest level in 15 months despite US president Donald Trump's personal and public support of cryptocurrency. A single Bitcoin is now worth $66,000 (48,700), its lowest level since October of 2024, with the price down 24% since the start of this year. The drop followed months of surging Bitcoin prices, which saw the cryptocurrency hit an all-time high of $122,200 in October."
"Among Trump's first actions upon re-entering the White House in January 2025 was an executive order aimed at making the US the "crypto capital of the planet". In his first year back in office, Trump launched a personal brand of cryptocurrency, with the bulk of profits going into his own companies. And he continued his involvement with World Liberty Financial, an investment vehicle for other crypto assets that is owned by the Trump family."
Bitcoin's price declined to $66,000, the lowest level since October 2024, marking a 24% drop year-to-date and a 32% fall over 12 months. The decline came after months of gains that pushed Bitcoin to an all-time high of $122,200 in October. Presidential actions included an executive order promoting US crypto leadership, the launch of a personal branded cryptocurrency tied to private profits, and continued involvement with a family-owned crypto investment vehicle. Legislative and enforcement shifts included federal backing support, dissolution of a DOJ crypto enforcement team, and reduced SEC crypto investigations.
Read at www.bbc.com
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