Bitcoin Price Slides to Post‑Election Low Near $74,000 as Trump Fed Pick Spurs Fresh Crypto Jitters
Bitcoin fell below $74,425 on Monday, hitting its lowest level since Trump’s return to the White House and extending a nearly four-month slide. The token was down about 5.6% on the day and 15% for the year, after weekend liquidations topped $2.5 billion. Traders cited concerns over Trump’s Fed chair pick and stalled U.S. crypto legislation. Some analysts warned of further downside, with targets as low as $40,000.