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The Independent UK
The Independent UK
Technology
Andrew Griffin

Bitcoin price plunges, wiping billions off crypto market

Bitcoin Crypto Donald Trump TikTok US Federal Reserve

Bitcoin has plunged in recent days, leading to a low not seen for more than a year and wiping billions of dollars from the value of the cryptocurrency market.

On Thursday, bitcoin’s price dropped below $70,000, its weakest since November 2024, when Republican Donald Trump won the US presidential election, having signalled his intention to support crypto on the campaign trail.

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