Bitcoin is threatening to touch the lowest levels since Donald Trump’s November 2024 election.
It’s down 4.5% to $60,732 today and is threatening the February spike low
A break of $60,000 would be the first time below it since September 2024. Despite everything Trump has done for crypto, bitcoin is now down 12% from the day before the 2024 election. It’s also flat compared to the November 2021 peak.
It’s also down 53% from the October 2025 record high of $128K. I wrote earlier this week about how bitcoin has lost its cool. Last week alone there were approximately $1.67 billion of crypto fund outflows, the second-worst week of 2026, Bitcoin funds did a record ~$1.44 billion of that and that was despite a good week in risk assets overall.