Bitcoin falls to lowest level since Trump took office
A single Bitcoin is now worth $66,000 (£48,700), its lowest level since October of 2024, with the price down 24% since the start of this year. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Bitcoin's value has plummeted to its lowest level in 15 months, now at $66,000, despite US President Donald Trump's vocal support and policy actions favoring cryptocurrency since re-entering office in January 2025.
- A single Bitcoin is currently worth $66,000 (£48,700), a 24% drop since the start of this year, and down 32% over the last 12 months.
- The price drop was reportedly "triggered by" Trump's nomination of Kevin Warsh as the new chair of the Federal Reserve, who is expected to take a "hawkish" approach to interest rates.
- Since January 2025, President Trump has amassed crypto holdings worth over $11 billion and gained $800 million in personal income from crypto transactions.
- Deutsche Bank analysts suggest traditional investors are losing interest, contributing to overall pessimism, with the market losing over $1 trillion in value in the last month.
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Amazon Shares Tumble, Bitcoin Value Falls to $66,000, and SIB Mansa-X Funds Surpass Sh129bn - February 2026
Amazon shares fell by more than 11% in after-hours trading after it announced a significant increase in annual spending to $200 billion for this year, primarily towards artificial intelligence. This follows a trend in cryptocurrency, where Bitcoin's value has plummeted to its lowest level in 15 months, now at $66,000, despite support from US President Donald Trump. In contrast, the Mansa-X Special Funds, managed by Standard Investment Bank, have surpassed the $1 billion (Sh129 billion) mark in assets under management. This growth was driven by strong investment performance in 2025, making them Kenya’s largest special Collective Investment Scheme.
