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Bitcoin falls to lowest level since Trump took office

Feb 06, 2026

The price of Bitcoin fell to its lowest level in 16 months despite US president Donald Trump's personal and public support for cryptocurrency.

In brief

  • A single Bitcoin went as low as $60,000 (£44,000), its lowest level since September 2024, before rallying slightly.
  • The drop followed months of surging Bitcoin prices, which saw the cryptocurrency hit an all-time high of $122,200 in October 2025.

“Those who bet too big, borrowed too much or assumed prices only go up are now finding out the hard way what real market volatility and risk management look like,” Joshua Chu, co-chair of the Hong Kong Web3 Association told Reuters.

Read the full article on BBC

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