Bitcoin plunges below $74K erasing post-Trump gains as Galaxy Digital reports $482M loss
Bitcoin drops to $74K erasing post-Trump gains, while Galaxy Digital reports $482M Q4 loss amid plunging volumes and crypto prices.
Powered by Gloria
GM, Crypto Briefers!
Bitcoin officially gave back all of its post-Trump rally. The asset fell to $72.5K on Tuesday, marking its lowest level since November 2024, when Donald Trump secured the presidency and lit the initial fuse for crypto bulls. That post-election run took BTC to an all-time high near $126K last October. Now, with ETFs bleeding, majors collapsing, and no clear catalyst in sight, Bitcoin is back where it started, and dragging the rest of the market with it.
Meanwhile, Galaxy Digital just printed a $482 million Q4 loss, confirming what most traders already felt in their portfolios. The firm attributed the plunge to lower digital asset prices, a collapse in trading volumes, and $160 million in one-time costs. Still, Galaxy beefed up its cash position and raised new capital, betting that AI-fueled upside, or at least optionality, is still on the table.
Markets
|
Data powered by CoinGecko.
Bitcoin nukes below $74K erasing post-Trump gains
Bitcoin fell as low as $72.5K on Tuesday, marking a 9-month low and officially erasing all gains made since Donald Trump’s 2024 election win. After spiking from $74K in November 2024 to nearly $126K in October 2025, BTC has round-tripped its entire post-election move. The pullback came alongside broader crypto market losses, with ETH dropping below $2.2K, SOL hitting $93, and XRP down to $1.55. Bitcoin was little changed in Wednesday morning trading, holding around the $74K level.
Total crypto market cap fell to $2.6 trillion, its lowest since April 2025. The downturn extended beyond crypto, with the S&P 500 and Nasdaq falling 1% and 2% respectively on Tuesday. By Wednesday morning, both indices were little changed, though signs of weakness remained. Gold and silver edged modestly higher after last Friday’s blow-off top.
Galaxy Digital posts $482M Q4 loss after record quarter
Galaxy Digital reported a $482 million loss for Q4 2025, reversing its record-breaking Q3 profit of $505 million. The company cited weaker digital asset prices, a 40% drop in trading volumes, and $160 million in one-off costs as key drivers of the downturn.Â
Despite the hit, Galaxy ended the quarter with $2.6 billion in cash and stablecoins, up 36% from the previous quarter, thanks to fresh equity and debt raises. Shares of GLXY fell 13% in Tuesday trading, with the company’s market cap now around $13.5 billion. By Wednesday morning, the stock was down an additional 6%. Benchmark analysts remain bullish, pointing to the firm’s AI exposure through Helios as a potential differentiator.
|
Data powered by cookie.fun
$GLORIA CHECK-IN
Market’s a mess, but Gloria keeps showing up, signal’s live, go catch it on the terminal.
Other news
Catch you in the next one. More coverage is now easier to find on the new site.