"The world's most popular cryptocurrency has lost about one-third of its value since the start of the year. Bitcoin has fallen sharply, racking up more losses after a tumultuous week for the world's most popular cryptocurrency. The digital currency was down nearly 14 percent on Friday morning, hovering at about $62,900 as of 01:00 GMT. list of 4 itemsend of list The slide continues a run of steep losses that kicked off last weekend, when the digital currency fell below $80,000."
"Bitcoin soared after United States President Donald Trump's re-election raised expectations that Washington would adopt a crypto-friendly regulatory regime after years of crackdowns, with the digital currency hitting $100,000 for the first time in December 2024. But the digital asset has largely been on a downward spiral since October, when it hit an all-time peak of more than $127,000, amid geopolitical and regulatory uncertainty."
Bitcoin has lost about one-third of its value since the start of the year, falling sharply from recent peaks. The digital currency was down nearly 14 percent on Friday morning, hovering around $62,900 as of 01:00 GMT. The slide continued after a weekend drop below $80,000 and follows dramatic swings earlier this year. The token surged after Donald Trump's re-election amid hopes of a more crypto-friendly US regulatory stance, reaching $100,000 in December 2024 and peaking above $127,000 in October. The decline coincides with stalled US legislation, scrutiny of a Trump-linked crypto firm, and broad sell-offs in global equity and commodity markets.
Read at www.aljazeera.com
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