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Inflation Bites: Houses Soar, Bitcoin Plummets, Even Pandora Feels the Pinch

Bitcoin Price Plummets to 15-Month Low Amidst Market Volatility

The price of Bitcoin plummeted to its lowest level in 15 months on Thursday, falling below $65,000, a more than 10 percent drop in a single day, according to The Verge. The cryptocurrency's value has been in a steady decline for several weeks after peaking at over $122,000 in October 2025.

A single Bitcoin is now worth $64,000 (48,700), its lowest level since October of 2024, with the price down 24 percent since the start of this year, reported BBC Business. This decline occurred despite former US president Donald Trump's "personal and public support of cryptocurrency," according to BBC Business. Trump had voiced his support for cryptocurrencies and promised to ease legislation on the industry upon re-entering the White House, BBC Business reported.

The drop follows months of surging Bitcoin prices, which saw the cryptocurrency hit an all-time high of $122,200 in October, BBC Business noted. Investors were initially encouraged by Trump's involvement in the sector.

The Verge reported that Bitcoin crossed $100,000 in November 2024 before reaching its peak in October 2025.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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