Bitcoin sheds nearly all Trump election gains in plummet under $80K

Bitcoin has fallen below $80,000 for the first time in over three months as macroeconomic uncertainty mounts over Donald Trump's proposed tariffs.

Update (Feb. 28 at 3:51 am UTC): This article has been updated to reflect the total amount of liquidations and industry reactions to Bitcoin’s price movement.

Bitcoin has fallen under $80,000 for the first time since November amid mounting macroeconomic uncertainty over US President Donald Trump’s proposed tariffs.

On Feb. 27, Bitcoin (BTC) plummeted to $79,752, according to TradingView data. The price 2.65% decline over the past hour led to $100.01 million in long positions liquidated, per CoinGlass data.

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