Bitcoin is collapsing - almost half of its value gone

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Bitcoin is collapsing - almost half of its value gone
Photo: Kin Cheung/AP/TT

The cryptocurrency Bitcoin continues to fall, and in early-afternoon trading was below $70,000 for the first time since the fall of 2024.

The price - around $69,200 just after 1 p.m. - can be compared to the historic peak of $126,198 per bitcoin in October last year.

Since the turn of the year 2025-2026, bitcoin has lost about a fifth of its value with Thursday's fall, thus completely erasing the entire rise that took off in connection with Donald Trump's victory in the US presidential election on November 5, 2024.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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