The original cryptocurrency has fallen 28% from its all-time high of $109,000 just last month, tumbling to $78,000 on Friday. The currency’s recent Dogecoin down 39% and Ethereum down 28% in the last month.

Bitcoin's drop is part of a wider rout in which over $800 billion of nominal value "has been wiped off global cryptocurrency markets in recent weeks, as the enthusiasm that swept the crypto industry after Donald Trump's election victory last year ebbs away," the Financial Times wrote today.

The rout in Bitcoin worsened during Asian trading hours on Friday, sending it down 25% from the all-time high it set less than six weeks ago as traders reverse bets that followed the election of US President Donald Trump.

Bitcoin continued its slide on Wednesday following President Donald Trump’s threat to impose a 25% tariff on the European Union. The announcement came during the president’s first cabinet meeting, causing the leading cryptocurrency to drop below the $83,

Bitcoin is on track for its worst month in three years, dropping 22% due to concerns sparked by President Trump’s tariffs on major U.S. trading partners. This sudden downturn has left investors, especially those who bought Bitcoin this year,