It’s been a brutal stretch for the crypto market, which was flying high as recently as early October. On Thursday, Bitcoin, the original cryptocurrency, hit a low of under $87,000. Its price is down about 14% since last week.

Altcoins like Ethereum and Solana have also been nosediving. The former is down 13% in the past week to its current price of around $3,000, and the latter is down 9% during that time to its current price of $139. Meanwhile, the share price of crypto-focused public companies aren’t faring any better, as Strategy and Circle are down roughly 16% and 20% in the last week, respectively.

This rout comes at a time when many thought 2025 would be a boon for crypto thanks to President Donald Trump’s friendly regulatory stance to the sector. That was true for most of the year

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