Bitcoin slips below $70,000 after erasing post-election gains during 'sell at any price' rout

Bitcoin has recovered from a low near $60,000 to now stand around $69,000, having effectively given back the gains it made after Donald Trump’s election in November 2024 this week. The cryptocurrency’s drop was accompanied by a broader market sell-off that saw the CoinDesk 20 (CD20) index lose more than 17% of its value in a week. While bitcoin dropped around 16.5% in the last 7-day period, other cryptocurrencies fared worse. Ether lost 22.4% of its value, BNB dropped 23.4%, and solana 25.2%. Shares of ...