Bitcoin dipped well below $87,000 on Thursday, continuing a devastating, weeks-long slump.

The cryptocurrency is down almost ten percent over the last five days alone, wiping out much of its gains over the last seven months. It’s lost just over 30 percent of its value since hitting an all-time high of over $126,000 in early October.

The crypto industry as a whole has wiped out a staggering $1 trillion in market capitalization — and that’s under president Donald Trump, who’s positioned himself as a firm ally of the sector.

The graph showing Bitcoin’s value over the last six months tells a grim story: a massive, downward spiral after months of rallying.

While there are likely several factors at play, a major tech selloff earlier this month is related to Bitcoin’s woes, experts wager. Sha

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