Bitcoin price plunges, wipes $1 trillion from value weeks after it hit all-time high — prices now near lowest level for the year, erasing 2025 gains

Bitcoin's price has plummeted to around $90,000, erasing $1 trillion in value since its peak in October. Factors contributing to the drop include threats of increased tariffs by U.S. President Trump and higher interest rates making cryptocurrency less attractive. Analysts note that leveraged trades are intensifying the downward pressure on Bitcoin's price. Despite the significant losses, long-term holders are advised not to panic, as the market is experiencing aftershocks from recent events rather than a crash.