New downward pressure on crypto as Bitcoin falls and investor appetite weakest since Donald Trump's election victory in fall 2024

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New downward pressure on crypto as Bitcoin falls and investor appetite weakest since Donald Trump's election victory in fall 2024
Photo: Charles Krupa/AP/TT

The appetite for cryptocurrencies is at its weakest since Donald Trump's election victory in the fall of 2024. This is despite strong risk appetite in other parts of the financial market, with stock markets around the world at historic record levels.

Bitcoin fell nearly 3 percent to about $66,600 by midday on Wednesday. The decline follows a partial recovery from prices of just over $61,000 on Friday, the lowest level since October 2024.

From the historic peak in early October last year - around $125,000 per bitcoin - Bitcoin's decline is estimated at about 45 percent.

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

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