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Bitcoin loses its luster as traders chase AI wave
Since hitting a record high of $126,000 last fall, bitcoin has dropped to just above $60,000 amid waves of selling. That has erased more than $1.2 trillion in market cap in eight months and wiped out all gains across President Donald Trump’s second term. On Friday, bitcoin its touched its lowest level since just before Trump’s reelection in 2024. It’s a stark shift from the start of Trump’s term, when expectations of a more crypto-friendly administration helped fuel a rally to record highs. Bitcoin hit $100,000 for the first time ever one month after the presidential election. But sentiment has since changed. ... (full story)
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