Bitcoin plunge continues, erasing gains since Trump’s election

Al JazeeraEN 2 min read 100% complete by John PowerFebruary 5, 2026 at 06:57 AM

AI Summary

medium article 2 min

Bitcoin's value has significantly declined in early 2026, erasing gains made since Donald Trump's 2024 re-election as US President. As of February 5, 2026, the cryptocurrency fell below $71,000, marking a nearly 20% drop since the start of the year. Bitcoin's decline began in mid-January after reaching a peak of over $127,000 in October 2025. The initial surge after Trump's re-election was fueled by expectations of relaxed cryptocurrency regulations, further supported by Trump's pro-crypto stance and the establishment of a strategic crypto reserve. However, a Trump-backed bill aimed at regulating cryptocurrency trading has stalled in the US Senate due to disagreements, creating uncertainty within the industry.

Key Entities & Roles

Key Player Opposition Context

Russia-Ukraine war 30% Australia 30% Nike 30% World Liberty Financial 50% US Senate 60% United States ×270% Donald Trump ×490% Bitcoin ×7100%

Keywords

bitcoin 100% cryptocurrency 90% price plunge 80% donald trump 70% re-election 60% regulatory crackdowns 50% digital asset 50% us senate 40% trading of cryptocurrency 40%

Sentiment Analysis

Negative

Score: -0.30

Source Transparency

Source

Al Jazeera

Classification Confidence

90%

This article was automatically classified using rule-based analysis.

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