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Bitcoin Slumps Below $80,000 As Crypto Rout Wipes Nearly All Post-Election Gains

  • Bitcoin dropped below $80,000, its lowest level since November, due to broader market concerns about trade tensions and disappointing earnings.
  • The price of Bitcoin fell more than 27% from its all-time high of $109,114 on January 20.
  • Ether, XRP, BNB, and SOL also experienced significant declines, reflecting a wider cryptocurrency market selloff.
  • Market volatility increased due to concerns related to trade tariffs and disappointing earnings, affecting both equities and cryptocurrencies.
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Forbes broke the news in United States on Friday, February 28, 2025.
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