Bitcoin plunged 25% on Thursday from an all-time high of around $109,000 on January 20, 2025, when Donald Trump took office as President of the United States.
The token was down 2.8% at $81,919 in Asian trading after retracing its steps to its lowest level since November 11, 2024.
The move is part of a broader decline in cryptocurrencies such as Ethereum, Solana and XRP, which have also plunged in recent days.
The sell-off underscores the rapid turnaround for the digital asset that has been booming since Trump's election victory and has fallen amid concerns over his aggressive stance.
Crypto has also come under pressure from a broader shift in risk appetite among investors who are rolling out Trump trades across various markets.
