economy
February 6, 2026
Bitcoin Plunges to Lowest Price Since Trump Was Elected
Bitcoin fell below $65,000 on Thursday, marking its lowest price since President Donald Trump won the 2024 election.
TL;DR
- Bitcoin's price has fallen to its lowest point in over 15 months, below $65,000.
- This decline occurs despite President Trump's pro-crypto stance and executive orders promoting digital assets.
- Treasury Secretary Scott Bessent testified that the Treasury Department cannot stabilize crypto markets and criticized opposition to proposed regulations.
- The Trump administration has pursued deregulation and fostered industry growth, including establishing a Strategic Bitcoin Reserve.
- Personal and family ties to crypto business ventures, such as World Liberty Financial, are noted.
- A request to pause the review of World Liberty Financial's bank charter application was denied.
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