Bitcoin experienced a significant drop, losing all its gains for the year, despite the US government reopening. It fell to $93,029, a 25% drop from its October peak. The cryptocurrency initially had high expectations due to a more crypto-friendly US administration, but factors like trade policies, government shutdown, and selling by large investors contributed to market pullbacks. Other cryptocurrencies like Ether and Solana also saw declines. Industry experts debate if the traditional four-year market cycle still applies, with some predicting a boom in 2026 driven by economic trends and broader adoption of stablecoins and decentralized finance.
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