End of Trump's high: Bitcoin drops below $90,000

End of the Trump high Bitcoin falls below 90,000 dollars 25.02.2025, 13:53

On the day of Donald Trump's inauguration, Bitcoin rose to its previous record high of $109,356. Since then, it has been going downhill - which was also due to a spectacular crypto theft.

The cryptocurrency Bitcoin has lost almost 20 percent of its value in US dollars since its all-time high when US President Donald Trump took office. From Monday to Tuesday, the Bitcoin price fell below the threshold of 90,000 US dollars and temporarily landed at around 87,600 US dollars. In the past five days alone, Bitcoin has lost almost 9 percent of its value.

Bitcoin 89,364.70

Bitcoin rose to its previous record high of $109,356 on the day of Donald Trump's inauguration as US President on January 20. Since then, the price has fallen almost continuously.

Currently, the second-tier digital currencies, Ethereum and Solana, have also fallen sharply. Ethereum fell by 12.7 percent to 2,380 US dollars compared to the previous day, while Solana plummeted by 14.8 percent to 136 US dollars.

Rapid rally stopped

Before the Republican's election victory, Bitcoin was still trading at around $70,000. Investors hoped that the election winner, Donald Trump, would implement crypto-friendly regulations. However, some expectations have been disappointed since taking office. For example, Trump has not yet set up a national Bitcoin reserve in the US budget, which many Bitcoin supporters had hoped for.

Most recently, Trump's comments on his economic policy dampened sentiment. The US president said on Monday that the planned punitive tariffs against Mexico and Canada would "move forward". As a result, the stock and crypto markets fell.

The prices of digital currencies are also being affected by a spectacular crypto theft - probably the biggest crypto coup of all time: Last Friday, cyber criminals managed to illegally siphon off digital money worth 1.5 billion US dollars from the service provider Bybit. The Bybit officials were deceived during a routine transaction so that the funds did not end up in a Bybit value storage facility, but were redirected to an unknown address. 401,000 currency units of Ethereum were stolen in the hack.