Bitcoin price tumbles below $74,000 as Trump-election rally evaporates and crypto rout deepens
Bitcoin fell below $75,000, its lowest since Trump’s 2016 victory, after a weekend selloff erased $290 billion from crypto markets. Around $2.56 billion in bitcoin positions were liquidated, according to CoinGlass. Ether dropped to $2,164. Crypto futures open interest slid to $108.94 billion, the lowest since April.