The price of Bitcoin has dropped more than 20% from its record high of over $109,000 to as low as $87,000 in just five weeks. Bitcoin's decline can be partly attributed to speculative frenzy in meme coins associated with the incoming US President and First Lady, which initially surged before crashing and causing significant losses. The native token of the Solana blockchain, SOL, has also dropped more than 50% since then. Additionally, a recent hack on the Bybit platform, which primarily affected Ethereum, contributed to the broader crypto market downturn. Some analysts suggest that Bitcoin may need to revisit the $82,000 level before any potential recovery. Traditional markets have also stumbled, with US stocks experiencing their worst week since the Trump inauguration. Lower US Treasury yields are seen as a positive for Bitcoin in the long term.



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