Bitcoin cools down after the pro-Trump boom: drops almost 28% from its peak and falls below $79,000

Bitcoin, the most well-known and valuable cryptocurrency in the market, has lost nearly 28% of its value since the historical highs reached in January, after experiencing a sharp drop of nearly 7% this Friday, pushing its price below $79,000. According to Bloomberg data cited by EFE, at 9:50 AM, Bitcoin was down 6.87%, standing at $78,492.56. Shortly before, the cryptocurrency had hit a daily low of $78,225.8. By 10:55 AM, it was priced at $80,388.

Since that time, it has lost 27.85% of its value, amid uncertainty in the markets due to new tariffs imposed by the United States, geopolitical tensions, concerns about the global economy, and central bank monetary policies. Additionally, analyst Javier Cabrera points out that Bitcoin continues to be pressured "by fears following the hack of one of the major exchanges in the sector last week," which adds to the existing market uncertainty.

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