Bitcoin Sheds All Post-Election Gains as Price Slides Toward Key Technical Levels
Bitcoin erased the gains it had accrued since the U.S. election in early November 2024 and continued to weaken into Wednesday, briefly dipping below $72,000. The cryptocurrency is down roughly 42% from its October record above $126,000 and is now firmly in a bear market. Analysts cite reduced inflows to U.S. spot ETFs, sensitivity to equity and geo…