Bitcoin value drops to lowest level in a year

Bitcoin prices have fallen to their lowest point in about 16 months, even though US President has shown strong public support for cryptocurrency.

At one stage, Bitcoin dropped to nearly $60,000, its lowest level since September 2024, before recovering slightly. The fall followed a long price rise that took Bitcoin to a record high of $122,200 in October 2025.

Joshua Chu, co-chair of the Hong Kong Web3 Association, told that investors who took high risks are now feeling the effects of market swings. He said the drop is a reminder that risk control is important in unstable markets like crypto.

Bitcoin prices had climbed strongly over the past year, helped by Trump’s open backing of digital currencies and his promise to relax rules on the sector. However, after the latest fall, Bitcoin is now down about 32% over the past 12 months and is moving closer to levels seen in early 2024 and 2021.

Bitcoin is the world’s largest cryptocurrency. It is a digital form of money that operates without control from any government or central bank.

Data from the UK’s shows that around 8% of UK adults invested in crypto in 2025, down from the year before. However, the average amount invested has increased, with many people holding between £1,000 and £5,000 in digital assets.

After returning to the White House in January 2025, Trump signed an order aimed at turning the United States into a global centre for cryptocurrency. He has also launched his own crypto-related businesses and remains linked to family-run crypto investment firms.

During his current term, the Trump administration has reduced regulatory pressure on the crypto sector. Democrats have criticised these moves, saying Trump has personally made billions of dollars from crypto investments and trading.

Market experts say Bitcoin’s recent fall may be linked to Trump’s choice of Kevin Warsh as the next head of the US Federal Reserve. Some investors believe this could lead to tighter money policy, which often hurts risky assets like cryptocurrencies.

said Bitcoin has been falling for the past four months, with negative sentiment growing as traditional investors step back. The bank said crypto is unlikely to disappear but does not expect prices to return to previous highs anytime soon.

Other major cryptocurrencies, including Ethereum and Solana, have also dropped by around 37% this year. Data from CoinGecko shows the total crypto market has lost more than $2 trillion in value since reaching its peak in October.