2024 will go down as one of the best years for the cryptocurrency market. Bitcoin (BTC) led a massive rally that pushed several assets to new peaks. BTC itself managed to rise to an all-time high of $109,114.88. This rise was due to several factors. This includes the halving event that took place earlier that year, followed by Donald Trump’s takeover as the 47th President of the United States. While the community hoped that BTC could witness a rise, the market was moving in a different direction. The king coin recorded a dip, pushing it below the $80,000 mark. Those who invested funds just as Trump took office could be at a major loss today.

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How High Is Bitcoin Trading At The Moment?

The cryptocurrency is currently in a downtrend. Most assets were hit hard by the bearish waves. BTC, at the time of writing, was trading at $77,158.60. This comes after a 2.43% drop over the past 24 hours. Due to its recent crash, Bitcoin is now trading nearly 30% below its all-time high.

Trump started his second term on January 20. During that time, the world’s largest cryptocurrency was trading at $101,083. This marks a 23.67% decline since the beginning of the year for Bitcoin.

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Counting Losses

The initial investment of $3,000 would have brought in 0.02967 BTC back on January 20, 2025. But the same investment is currently valued at $2,289.96 marking a slight decline. As the price of Bitcoin slid down below $80,000 so did this investment. With a total loss of $710.04, this investment is down by 23.67%.

While Bitcoin has continued to struggle in terms of price, the community is hoping to witness a push from the US government. Through this, the king coin will record a rise and possibly reclaim its peak or move beyond it.

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