Blockchain

The Bitcoin bloodbath has entirely erased crypto's Trump rally

February 6, 2026

Bitcoin's recent plunge below $64,000 has completely erased the gains made following Donald Trump's election victory, marking a significant downturn in the cryptocurrency market. This decline, part of a broader sell-off in high-growth tech stocks and other risk assets, has sparked renewed discussions regarding Bitcoin's stability and its role in investment portfolios.

The Bitcoin bloodbath has entirely erased crypto's Trump rally

Credit: Yahoo

Key Highlights

Bitcoin fell below $64,000 for the first time since 2024.
The drop erased all gains from the Trump election rally.
Bitcoin experienced a nearly 13% decline, its largest single-day drop in years.
Ether also faced substantial losses, exceeding Bitcoin's percentage decline.
The downturn is linked to a wider sell-off in tech stocks and risk assets.

Money & Markets Markets

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

The Bitcoin bloodbath has entirely erased crypto's Trump rally

Key Highlights

Sources

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