Bitcoin drops below $74K, erasing post-Trump rally gains

Bitcoin crashed below $74,000 on Tuesday, marking its lowest point since Donald Trump's 2024 election victory and erasing the gains from the subsequent rally. This rally, which saw Bitcoin peak near $126,000 in October 2025, was fueled by expectations of crypto-friendly policies from the Trump administration. Despite subsequent lenient moves like appointing a new SEC chair and passing legislation like the GENIUS Act, investor momentum has stalled. Bitcoin has now recorded four consecutive monthly losses and hit a new 2026 low, erasing the brief surge to $95,000 in January. The selloff impacted other major assets, with Ethereum, Solana, and XRP also declining significantly. This broad crypto downturn coincided with losses in traditional markets, as the S&P 500 and Nasdaq fell amid spreading risk-off sentiment, leading to over $620 million in liquidations across crypto positions.

(Source：Crypto Briefing)