Concerns over tariffs and the recent breach of a crypto exchange may be fueling a decline not seen since President Trump’s election victory in November. Investors in cryptocurrencies are seeing red today.

Bitcoin's drop is part of a wider rout in which over $800 billion of nominal value "has been wiped off global cryptocurrency markets in recent weeks, as the enthusiasm that swept the crypto industry after Donald Trump's election victory last year ebbs away," the Financial Times wrote today.

Cryptocurrencies tumbled Tuesday but launched a tentative rebound, mirroring that of the U.S. stock market, early Wednesday.

It just got easier to mine Bitcoin following the dip in BTC's price and a cold snap across the U.S.—but what does this mean?

Bitcoin BTCUSD surged to an all-time high of $109,225 on Jan. 20, President Donald Trump’s inauguration day — extending a rally celebrated by crypto bulls who bet that the new administration would clear away regulations,

Investors entered the New Year cheerful about the prospects of a business- and crypto-friendly Trump administration. Yet two months into 2025, US stocks have lagged Europe and Chinese stocks, bitcoin is sliding and concerns about inflation are mounting.

Key Takeaways Bitcoin has now fallen below $87,000 after hitting a new all-time high above $109,000 last month.Economic uncertainties about inflation and tariffs are weighing on cryptocurrency markets.