Bitcoin tests $73,000, erasing gains since Trump’s election night win
Bitcoin dropped to $73,000, wiping out gains made since Trump's election, amid broader market uncertainty and high liquidations.Summary
Bitcoin has plunged to around $73,000, a level last seen before Donald Trump's election night victory, erasing recent gains. This drop follows an all-time high of $126,080 in October 2025. Market analysis indicates that 44% of the bitcoin supply is now underwater, suggesting weak hands may continue selling. Liquidation across crypto derivatives markets totaled $663 million in the past day. Furthermore, Bitcoin's Relative Strength Index (RSI) is near 30, an oversold level that historically preceded further drops, potentially toward $60,000. The decline is attributed to macroeconomic uncertainty, including a looming U.S. government shutdown, and has dragged down major altcoins like Ethereum and Solana, as well as crypto-related stocks.
(Source：The Block)