The popular cryptocurrency was trading below $60,000 for at least part of Friday. According to Bloomberg, this is the first time that Bitcoin has fallen below that line since Donald Trump’s re-election in late 2024.
This is more than half the value of Bitcoin’s all-time peak in October 2025.
mashable light speed
At the time of writing, Bitcoin has recovered slightly and is just above $60,000. Still, it’s an ominous sign at a time when the executive branch of the US government is overwhelmingly supportive of cryptocurrencies.
Did The New York Times Expose Bitcoin’s Creator? Don’t bet on it.
Bitcoin reached a peak of $126,000 last October, but the decline has been steep. Bloomberg cites geopolitical concerns like the war in Iran as why investors are losing confidence in cryptocurrencies. But this is not the whole story. Bitcoin has been on this trajectory for quite some time now, as we noticed its falling value in February.
Another possible reason: According to Google, new advances in quantum computing have jeopardized traditional crypto mining techniques.
But if it continues to fall at this rate, Bitcoin may no longer be worth even a future quantum computer hacker’s time.
Subject
bitcoin cryptocurrency
<a href