Bitcoin Plummets to Lowest Price Since Trump's 2024 Election Victory: $74,424.95

[Para 1: The Lead] Bitcoin, the largest cryptocurrency, has dropped to its lowest price since President Donald Trump's reelection in November 2024, reaching $74,424.95. This marks a significant decline from its peak and erases gains since Trump's election, which was initially seen as favorable to the crypto sector. [Para 2-3: Supporting details & Context] The price drop is part of a broader market turbulence, including a historic slump in precious metals and a tech selloff in the S&P 500. Crypto derivatives markets indicate further weakness, with a collapse in open interest and a negative funding rate for perpetual futures. Despite Trump's pro-crypto stance, Bitcoin has fallen about 40% since its October record, influenced by liquidations and retail participation fading. The MarketVector Digital Assets 100 Small-Cap Index has also plummeted nearly 70% over the past year, highlighting the underperformance of altcoins compared to Bitcoin and Ether.