Is Trump-Driven Crypto Optimism Fading? Bitcoin Drops Nearly 8% to $86,000, Extending a Month-Long Slide.

Bitcoin dropped to a three-month low as investors moved away from riskier assets, falling nearly 8% to over $86,000, its lowest level since November. The cryptocurrency has declined over 15% in the past month and is down over 5% in 2025. The selloff extended to altcoins, with XRP slipping 5% and Ether losing more than 8%. The downturn follows continued losses in U.S. tech stocks, with the Nasdaq Composite closing lower Monday. The market’s earlier optimism about a more crypto-friendly Trump administration appears to be fading as traders focus on macroeconomic and geopolitical concerns.