The original cryptocurrency has fallen 28% from its all-time high of $109,000 just last month, tumbling to $78,000 on Friday. The currency’s recent Dogecoin down 39% and Ethereum down 28% in the last month.

A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.

Bitcoin’s decline intensified during Asian trading. The cryptocurrency’s value dropped by 25% compared to its all-time high, which was set less than six weeks ago, as traders reversed bets made after Donald Trump was elected President of the United States,