Bitcoin Plummets to Post-Trump Election Low Amid Market Turmoil

• Bitcoin dropped below $74,424.95, reaching its lowest price since Donald Trump's re-election victory in November 2024.
• The cryptocurrency extended its four-month slide, falling as much as 7% to $72,877 on Tuesday before a slight recovery.
• Despite a pro-crypto White House and institutional adoption, Bitcoin is down about 40% since its October record high, triggered by tariff comments and liquidations.
• Market turbulence, including a tech selloff in the S&P 500 and a slump in precious metals, contributed to Bitcoin's decline.
• Derivatives market data, including collapsed open interest and negative funding rates, suggests further weakness for Bitcoin with no immediate positive catalysts.

Why It Matters: Bitcoin hit a post-Trump election low, reflecting broader market turbulence and weak crypto sentiment.