Bitcoin price plunges, wipes $1 trillion from value weeks after it hit all-time high — prices now near lowest level for the year, erasing 2025 gains

Bitcoin just dropped to around $90,000, marking its lowest level since late March and early April when it traded for around $80,000. According to Financial Times, this has wiped out $1.2 trillion in value from the crypto since it peaked at over $125,000 in October 5. Although BTC slowly dropped in value after it hit its record high, the biggest drop happened on October 10 after U.S. President Donald Trump threatened to massively increase tariffs on Chinese goods in retaliation for Beijing’s rare…