Bitcoin Price Hits Lowest Level During Trump’s Second Term

Bitcoin’s price has plunged to its lowest level since the start of Donald Trump’s second term in office, marking a sharp reversal from its record high of $126,198 in October 2025. As of June 5, 2026, the cryptocurrency is trading below $60,000—a drop of nearly 52% from its peak—raising concerns among investors and analysts about the future of digital assets amid shifting political and economic conditions in the U.S.

The decline comes as Bitcoin’s market capitalization has fallen to $1.21 trillion, down from a peak of over $2.5 trillion last year. The cryptocurrency’s volatility has intensified in recent weeks, with its price swinging between $59,108 and $63,901 within a 24-hour period, according to verified market data. The drop has been particularly steep since Trump’s re-election in November 2024, when Bitcoin surged on speculation of regulatory clarity and potential infrastructure investments in blockchain technology.

Trump’s administration has yet to outline specific policies on cryptocurrency, but his past rhetoric—including skepticism toward decentralized finance and calls for stricter oversight—has contributed to market jitters. In contrast, his first term saw Bitcoin’s price surge amid optimism for regulatory frameworks, though that momentum stalled after the U.S. Securities and Exchange Commission (SEC) imposed stricter rules on crypto exchanges and trading platforms.

Analysts cite several factors behind the current downturn, including:

• A broader market correction in risk assets, with Bitcoin losing its status as a “safe haven” amid rising Treasury yields.
• Uncertainty over the SEC’s stance on crypto spot exchange-traded funds (ETFs), which had driven institutional investment in late 2025.
• Geopolitical tensions, including trade disputes and sanctions, which have historically weighed on Bitcoin’s price as a speculative asset.
• Technical indicators suggesting a prolonged bearish trend, with Bitcoin’s moving averages signaling further declines unless market sentiment improves.

The current price of $60,718—down from $126,198 at its peak—represents a return to levels last seen in early 2024, before Trump’s re-election campaign began fueling crypto speculation. The decline has also triggered liquidations in the derivatives market, with traders forced to close leveraged positions as Bitcoin’s price tumbled.

Despite the downturn, Bitcoin’s underlying technology remains robust, with the network processing over $66 billion in 24-hour trading volume and maintaining a circulating supply of 19.93 million coins. However, the sharp correction has reignited debates about Bitcoin’s long-term viability as an investment asset, particularly in an era of heightened regulatory scrutiny and economic volatility.

For now, the cryptocurrency’s future hinges on three key developments:

• Clarification from U.S. Regulators on crypto ETFs and exchange oversight, which could stabilize institutional demand.
• Trump’s policy stance on blockchain and digital currencies, which may influence global adoption or crackdowns.
• Macroeconomic trends, including inflation data and Federal Reserve monetary policy, which often dictate Bitcoin’s role as a hedge asset.

Investors are advised to monitor these factors closely, as Bitcoin’s trajectory in the coming months will depend on both technical market dynamics and broader geopolitical and regulatory shifts.