THE NEW YORK TIMES: The price of Bitcoin is now lower than when President Trump was elected in 2024, raising concerns of a new “crypto winter” in the industry.
The price of Bitcoin is lower than it was the day before President Trump’s election. A leading cryptocurrency exchange is laying off a large chunk of its work force. And a push for industry-friendly legislation has stalled in Congress.
After months of declining prices and dispiriting setbacks, the crypto industry has found itself deep in one of its periodic slumps — a so-called crypto winter.
Bitcoin is trading at less than $64,000, a nearly 50 percent decline from its peak price, which it reached just last October. The prices of two other top coins, Ether and Solana, are both down more than 30 percent over the past week.
At the same time, the stock prices of major crypto firms have plummeted. Strategy, a company that buys enormous amounts of Bitcoin, is down 75 percent since November 2024, when Mr. Trump was newly elected and promised to make the United States “the crypto capital of the planet.” » | David Yaffe-Bellany | David Yaffe-Bellany covers the crypto industry. | Thursday, February 5, 2026
