7 hours Ago By Temitayo Jaiyeola
The price of Bitcoin slumped to $79,750.58 as of 08:25 pm, according to price data from CoinMarketCap. The digital currency, which started the year at $94,419.
76, has now lost 15.54 percent of its value, wiping off about $291 billion in investors’ funds. It is currently trading 4.
49 percent below the $83,504.80 it closed at on Saturday, April 5, 2025. Bitcoin had rallied in the weeks after the election victory of President Donald Trump, who was pro-crypto and vowed to make the U.
S. a bitcoin superpower. Read also: Trump signs order to set up strategic bitcoin reserve However, an escalation of trade tariffs and fears of slowing growth have weighed on the digital currency.
Bitcoin is posting its worst first-quarter performance since the first three months of 2018, according to Dow Jones Market Data. Despite this, some analysts still see potential for a rebound, according to reports. “Despite near-term volatility, uncertainty is decreasing, and institutional buying pressure is returning.
With key catalysts aligning, we expect bitcoin to rebuild momentum and make another attempt at $90,000 in the near future,” said BRN analyst Valentin Fourner..
