Bitcoin crashes below $73K as post-election rally fully unwinds
Bitcoin just fell to $72,762, the lowest it’s been since Donald Trump won the 2024 election. The drop extended a brutal slide that’s now wiped out over 40% from the October peak. Tuesday’s fall alone took out the 2025 low of $74,424.95, a level last touched back in April after Trump’s first round of tariff threats rattled global markets.
The October selloff hasn’t let up. After Trump’s comments triggered $19 billion in forced liquidations on Oct. 10, the crypto market hasn’t recovered.
Bitcoin briefly bounced 7% during Thanksgiving week, but things turned ugly again in December. Retail interest has collapsed, while some big players are still hanging on. At the same time, major long-term holders have dumped billions.
Altcoins are getting wrecked too. The MarketVector Digital Assets 100 Small-Cap Index is down almost 70% in the past year.
Even with institutional money pouring into Bitcoin and Ether ETFs after US approvals, retail investors have been pulling money out, and fast. Those ETFs saw billions in outflows in November.
Despite a pro-crypto White House, falling risk appetite and AI bubble fears are crushing sentiment across markets. Stocks aren’t bouncing, and crypto looks worse.
