{"id":232288,"date":"2026-02-06T11:13:43","date_gmt":"2026-02-06T07:13:43","guid":{"rendered":"https:\/\/abcmedia.am\/?p=232288"},"modified":"2026-02-06T11:22:25","modified_gmt":"2026-02-06T07:22:25","slug":"bitcoin-plummets-whats-behind-the-drop","status":"publish","type":"post","link":"https:\/\/abcmedia.am\/en\/news\/232288\/","title":{"rendered":"Bitcoin plummets: What\u2019s behind the drop?"},"content":{"rendered":"\n

The price of Bitcoin has fallen to its lowest level in 15 months despite US president Donald Trump’s personal and public support of cryptocurrency, the BBC<\/a> writes.<\/p>\n

A single Bitcoin is now worth $66,000, its lowest level since October of 2024, with the price down 24% since the start of this year.<\/p>\n

The drop followed months of surging Bitcoin prices, which saw the cryptocurrency hit an all-time high of $122,200 in October.<\/p>\n

Investors were encouraged by Trump’s involvement in the sector and his outspoken support for cryptocurrencies, as well as promises to ease legislation on the industry.<\/p>\n

Among Trump’s first actions upon re-entering the White House in January 2025 was an executive order aimed at making the US the “crypto capital of the planet”.<\/p>\n

Bitcoin prices tend to be volatile, but analysts with Deutsche Bank said in a note on Wednesday that the latest drop was “triggered by” Trump’s nomination of Kevin Warsh, as the new chair of the Federal Reserve. Some believe he will take a more “hawkish” approach, keeping interest rates higher, whereas looser monetary policy tends to support investment in assets such as crypto currencies.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin has fallen to its lowest level in 15 months despite US president Donald Trump’s personal and public support of cryptocurrency, the BBC writes. A single Bitcoin is now worth $66,000, its lowest level since October of 2024, with the price down 24% since the start of this year. The drop followed […]<\/p>\n","protected":false},"author":7,"featured_media":232283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2,35,43,101],"tags":[],"class_list":["post-232288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","category-world","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/232288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/comments?post=232288"}],"version-history":[{"count":1,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/232288\/revisions"}],"predecessor-version":[{"id":232289,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/232288\/revisions\/232289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media\/232283"}],"wp:attachment":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media?parent=232288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/categories?post=232288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/tags?post=232288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}