Bitcoin, also known as “digital gold,” is down—and so is gold.
The world’s largest cryptocurrency has tanked to its lowest price since April.
Bitcoin is down nearly 2% over the past 24 hours and hit a low of nearly $81,000 late Thursday night—underneath its last floor of $82,175 in November.
On Friday, the token posted a modest rebound and now trades at around $82,290, according to data from Binance.
Bitcoin’s freefall has spread to other cryptocurrencies, including Ethereum, which is down 4% over the past 24 hours to now about $2,660.
This week has seen an even more dramatic downturn in the price of precious metals, which until recently had been on an unprecedented tear.
Gold is down 11% over the past day and silver has dropped an even greater 31%.
Platinum and copper are also down.
The downturn in Bitcoin’s price continues the cryptocurrency’s flagging performance since October, when new tariff threats from Trump preceded a “flash crash” in the crypto market.
The world’s largest cryptocurrency has historically tracked tech stocks, but Bitcoin and the S&P 500 have diverged over the past three months.
Bitcoin is down more than 30% since early October, while the S&P 500 is up nearly 3%.
Flagging token prices have prompted some analysts to say that the crypto market, which hit all-time highs in 2025, has turned bearish.
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