Retail investors who piled into the Trump administration’s promised crypto paradise via Wall Street-approved funds are now learning an expensive lesson in market gravity. Bitcoin and a slew of newly minted altcoin exchange-traded funds have crashed, erasing all gains made since just before Donald Trump retook the White House and wiping out the speculative premium that had defined the era’s digital-asset boom. Most Read from Bloomberg Despite the president’s pledge to make America the world’s crypto cap ...

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BlackRock Bitcoin ETF BlackRock’s flagship spot bitcoin fund, IBIT, has smashed another record in terms of single-day volumes, with some $10 billion worth of value traded, according to Bloomberg ETF analyst Eric Balchunas.  “$IBIT just crushed its daily volume record with $10b worth of shares traded as its price fell 13%, second-worst daily price drop since it launched. Brutal,” Balchunas wrote in a Friday X post, citing Bloomberg data.  The BlackRock iShares Bitcoin Trust’s previous volume record of about ...

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Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Divehttps://t.co/3aYQJLgvAV ...

Market Overview - Bitcoin's price has dropped to $63,000, marking its lowest level in over a year and is now at half of its all-time peak of $126,000 reached in October 2025 [1] - The global crypto market has lost $2 trillion in value since early October, significantly impacting companies heavily invested in bitcoin [3] Historical Context - Bitcoin experienced a significant rise during Donald Trump's presidency, reaching $100,000 for the first time in December 2024 and peaking at $126,210.50 on October 6, 2025 [2] - The cryptocurrency market, particularly bitcoin, has faced a downturn in valuation over the last few months, with notable declines in January and early February [2] Company Impact - Companies that heavily invested in bitcoin have suffered substantial losses due to the recent sell-off in the cryptocurrency market [3] - Cryptocurrency ventures backed by the Trump family and publicly traded have seen their values decline in response to bitcoin's slump [3] Regulatory Environment - The cryptocurrency sector is facing regulatory challenges, with concerns raised about potential conflicts of interest involving Trump and a lack of regulation under the current administration [5] - US Representative Ro Khanna has announced plans to investigate World Liberty Financial due to reports of a $500 million investment from a member of the Emirati royal family into the Trump family's cryptocurrency company, which may have influenced US policy [5]

Core Insights - The cryptocurrency, initially intended as a hedge against currency debasement, is now behaving like a speculative tech stock, having lost 50% of its value since early October [1] Group 1 - The cryptocurrency was expected to provide protection against currency devaluation [1] - It has instead shown volatility similar to that of speculative technology stocks [1] - The asset has experienced a significant decline, erasing half of its value since reaching a peak in early October [1]

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🚨 🚨 🚨 864 #BTC (55,189,501 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/yMk6pOkQQl ...

🚨 🚨 🚨 🚨 🚨 🚨 126,629,312 #USDT (126,584,042 USD) transferred from #OKEX to unknown wallethttps://t.co/hyEmwsP5n5 ...