Bitcoin Falls Below 2024 Election-Day Close

Bitcoin traded around $60,619, roughly 12.6% below its Nov. 5, 2024 election-day close of $69,355. The token briefly fell under $60,000 for the first time since 2024 and remains about 52% below its all-time high.

On Nov. 5, 2024 BTC closed near $69,355 and jumped above $75,000 the following day. After President Trump’s inauguration in January 2025, prices climbed to about $109,000 and later reached a peak near $126,080 in October 2025.

Demand during the rally included large inflows to Bitcoin exchange-traded funds, which rose from roughly $37 billion in assets under management in January 2025 to more than $62 billion at their 2025 peak, and growing corporate purchases for digital asset treasuries. Trump Media and Technology Group added about $2 billion in Bitcoin and related securities in July 2025.

The rally reversed after a record liquidation event that swept roughly $19 billion from crypto markets, sending Bitcoin from above $121,000 to about $106,000 in a short span. Prices recovered briefly but moved lower into year end, trading near $88,000 as the calendar turned.

Institutional flows showed further weakness in early 2026. January recorded over $1.5 billion in net outflows from Bitcoin ETFs, according to market data. At the end of May, Strategy’s co-founder Michael Saylor described a “historical” rotation of capital out of crypto and into artificial intelligence, noting more than $4 billion in ETF outflows in under a month. His firm sold 32 BTC for roughly $2.5 million at the end of May.

Geopolitical tensions tied to the Iran conflict and rising expectations for interest-rate increases influenced investor appetite for risk assets. On the policy side, President Trump pledged he would “never let crypto down” and signed the GENIUS Act, which established regulatory rules for stablecoins. A broader bill, the Clarity Act, passed a committee vote in May but has not completed the full legislative process.

President Trump also launched a TRUMP meme token on the Solana network that reached an estimated market capitalization near $14 billion before falling to about $1.5 billion.

As of Saturday, Bitcoin trades around $60,619 and remains well below its record high. Traders are monitoring trading volumes, ETF activity, corporate purchases and regulatory developments for further market direction.