Bitcoin has dropped below $80,000, hitting its lowest point since November 2024. The broader crypto market is experiencing a significant downturn, erasing gains from Donald Trump’s election victory. The market-wide losses have exceeded $1 trillion, with leading altcoins also suffering sharp declines. Analysts attribute the crash to uncertainty over Trump’s tariff policies, weakened investor confidence, and outflows from Bitcoin spot ETFs. Despite the volatility, some believe this is a typical correction in the market.

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