Bitcoin sinks to a 15-month low as Trump-backed crypto push falters

Bitcoin slid to about $66,000, its lowest level since October 2024, down ~24% this year and ~32% over 12 months. The decline comes despite Trump’s crypto-leaning actions and endorsements, with analysts pointing to expectations of a hawkish Fed as a pressure factor. Ethereum and Solana have fallen around 37%, and the crypto market has shed over $2 trillion from its October peak, while some firms warn prices could drop further toward $38,000 as sentiment remains weak and the dollar has weakened.