Bitcoin Price Drops Amid Investor Unease and Capital Outflows

Bitcoin's price has taken a hit after a brief rally following President Trump's election victory. The cryptocurrency, which was expected to benefit from crypto-friendly policy direction in Washington, has fallen to $62,713, its lowest level since the early February selloff.

The decline is primarily attributed to money exiting the crypto complex, with weak demand among U.S. investors cited as a contributing factor. This development challenges Bitcoin's narrative as a store of value during financial stress, and instead reinforces its sensitivity to macro risk sentiment.