{"id":415,"date":"2026-06-05T18:42:07","date_gmt":"2026-06-05T18:42:07","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=415"},"modified":"2026-06-05T18:42:07","modified_gmt":"2026-06-05T18:42:07","slug":"bitcoin-falls-below-60000-erasing-trump-fueled-rally","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=415","title":{"rendered":"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally"},"content":{"rendered":"
\n

surprising fact<\/h2>\n

The price of bitcoin is now down more than half from its all-time high of $126,186 set in October 2025.<\/p>\n

Read more Trump\u2019s DOJ Argues They Could Tear Down The Statue Of Liberty Without Legal Repercussions<\/a><\/p>\n

big number<\/h2>\n

About $600 billion. That\u2019s how much has been erased from the global crypto market\u2019s aggregate market value since May 10, dropping from a high of $2.7 trillion to $2.1 trillion as of Friday, according to CoinMarketCap<\/u>. Bitcoin dominates the global crypto market, accounting for roughly 58% of its market value.<\/p>\n

tangent<\/h2>\n

Cardano\u2019s ADA token, once valued as the world\u2019s third-largest cryptocurrency behind bitcoin and ethereum, fell to a six-year low<\/u> on Wednesday. The token\u2019s latest sell-off followed the cancellation of the Cardano Foundation, a Swiss nonprofit that oversees and promotes development of the Cardano blockchain, which announced it would cancel its flagship summit following a failed community vote.<\/p>\n

Read more Lesley Stahl, Bill Whitaker And Jon Wertheim Staying At Embattled \u201860 Minutes\u2019<\/a><\/p>\n

key background<\/h2>\n

A record-setting surge for bitcoin over the last year followed a pro-crypto push from Trump, who said he wanted the U.S. to become the \u201ccrypto capital of the world.\u201d The cryptocurrency fell to a post-inauguration low of just over $75,000 by April 2025, but promises of pro-crypto legislation pushed bitcoin above $120,000 by July, rising above $122,000 just days later. That surge came amid major crypto investments by some firms, including Trump Media and Technology Group, which announced it would raise some $2.5 billion to establish a corporate bitcoin reserve. Since hitting a peak in October 2025, bitcoin\u2019s value has deteriorated following waning demand for spot bitcoin ETFs and lower odds of future interest rate cuts.<\/p>\n

Read more Gold And Silver Hit Lowest Prices In Months After Strong Jobs Report<\/a><\/p>\n

<\/div>\n

further reading<\/h2>\n

Forbes<\/span>Cardano\u2014Once The Third-Largest Cryptocurrency\u2014Hits 6-Year Low: Here\u2019s Why<\/span>By Ty Roush<\/span><\/small><\/span><\/span>Forbes<\/span>Bitcoin Falls Below $70,000 For The First Time Since April<\/span>By Siladitya Ray<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

The world\u2019s largest cryptocurrency is now down more than half from its all-time high.<\/p>\n","protected":false},"author":1,"featured_media":414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nBitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=415\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"The world\u2019s largest cryptocurrency is now down more than half from its all-time high.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=415\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-05T18:42:07+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally\",\"datePublished\":\"2026-06-05T18:42:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/6502a32ad063045a33f63f5d52a9a788.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415\",\"name\":\"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally - Coast to Coast Movers\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/6502a32ad063045a33f63f5d52a9a788.webp\",\"datePublished\":\"2026-06-05T18:42:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#primaryimage\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/6502a32ad063045a33f63f5d52a9a788.webp\",\"contentUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/6502a32ad063045a33f63f5d52a9a788.webp\",\"width\":1350,\"height\":900},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=415#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#website\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/\",\"name\":\"Coast to Coast Movers\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/coasttocoastmoverss.com\"],\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally - Coast to Coast Movers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coasttocoastmoverss.com\/?p=415","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally - Coast to Coast Movers","og_description":"The world\u2019s largest cryptocurrency is now down more than half from its all-time high.","og_url":"https:\/\/coasttocoastmoverss.com\/?p=415","og_site_name":"Coast to Coast Movers","article_published_time":"2026-06-05T18:42:07+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coasttocoastmoverss.com\/?p=415#article","isPartOf":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=415"},"author":{"name":"admin","@id":"https:\/\/coasttocoastmoverss.com\/#\/schema\/person\/266a8d2ebdac9f8b4354d52dead7fa6b"},"headline":"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally","datePublished":"2026-06-05T18:42:07+00:00","mainEntityOfPage":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=415"},"wordCount":324,"commentCount":0,"image":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=415#primaryimage"},"thumbnailUrl":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/06\/6502a32ad063045a33f63f5d52a9a788.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coasttocoastmoverss.com\/?p=415#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coasttocoastmoverss.com\/?p=415","url":"https:\/\/coasttocoastmoverss.com\/?p=415","name":"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally - Coast to Coast Movers","isPartOf":{"@id":"https:\/\/coasttocoastmoverss.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=415#primaryimage"},"image":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=415#primaryimage"},"thumbnailUrl":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/06\/6502a32ad063045a33f63f5d52a9a788.webp","datePublished":"2026-06-05T18:42:07+00:00","author":{"@id":"https:\/\/coasttocoastmoverss.com\/#\/schema\/person\/266a8d2ebdac9f8b4354d52dead7fa6b"},"breadcrumb":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=415#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coasttocoastmoverss.com\/?p=415"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coasttocoastmoverss.com\/?p=415#primaryimage","url":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/06\/6502a32ad063045a33f63f5d52a9a788.webp","contentUrl":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/06\/6502a32ad063045a33f63f5d52a9a788.webp","width":1350,"height":900},{"@type":"BreadcrumbList","@id":"https:\/\/coasttocoastmoverss.com\/?p=415#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coasttocoastmoverss.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally"}]},{"@type":"WebSite","@id":"https:\/\/coasttocoastmoverss.com\/#website","url":"https:\/\/coasttocoastmoverss.com\/","name":"Coast to Coast Movers","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coasttocoastmoverss.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coasttocoastmoverss.com\/#\/schema\/person\/266a8d2ebdac9f8b4354d52dead7fa6b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coasttocoastmoverss.com"],"url":"https:\/\/coasttocoastmoverss.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=415"}],"version-history":[{"count":0,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/media\/414"}],"wp:attachment":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}