Bitcoin Nears 10-Month Low Amid Market Turbulence, Trump's Return to Office

• Bitcoin dropped to a fresh 10-month low in Asia trading Monday after a weekend sell-off.
• The cryptocurrency fell 2.5% to $74,541, nearing the $74,425 low recorded on April 7, a year after Donald Trump retook office.
• Bitcoin experienced its fourth consecutive monthly decline in January, shedding nearly 11%, marking its longest losing streak since 2018.
• Other cryptocurrencies like Ether and Solana also saw declines, down 2.9% and 1.2% respectively.
• A further drop below $70,000 could significantly damage long-term confidence in Bitcoin, according to Caroline Mauron.

Why It Matters: Bitcoin is nearing a 10-month low, reflecting broader market turbulence and investor sentiment.