Bitcoin Hits Lowest Point Since November

In a significant market shift, Bitcoin has fallen below the $80,000 mark for the first time since November 11. This downturn has nearly erased the gains experienced following the election of United States President Donald Trump.

Market Uncertainty and Crypto Heist Impact

The cryptocurrency's decline has been exacerbated by growing uncertainties surrounding President Trump's tariff plans and the aftermath of a $1.5 billion Bybit crypto heist last week.

Bitcoin experienced a 5.48% drop, trading at $79,997 by 9:39 pm ET. Similarly, Ethereum saw a significant decrease, plummeting 6.50% to $2,151 by 9:44 pm ET.