Bitcoin falls below the 2024 US election day closing price

Comparing news, Bitcoin continued to decline this week, and recently reported $60,619, which is about 12.6% lower than the closing price of around $69,355 on November 5, 2024. It briefly fell below $60,000, for the first time since 2024, down nearly 52% from its all-time high.

After Trump was re-elected in 2024, Bitcoin rose above $75,000 and reached around $109,000 in January 2025; in October 2025, after Bitcoin hit a high of $126,080, it then fell from above $121,000 to $106,000 in the crypto market's $19 billion liquidation.

In January 2026, the Bitcoin ETF had a net outflow of over $1.5 billion. Michael Saylor's Strategy sold 32 bitcoins at the end of May for about $2.5 million; Trump recently said he won't disappoint the crypto industry. The GENIUS Act was signed into law last year, and the Clarity Act has yet to complete the legislative process after passing a committee vote in May.