Bitcoin tumbled to nearly $60,000 on Friday, extending a 30$2 billion in liquidations. The top crypto is now down nearly 50% from its peak, erasing gains made after the election of US President Donald Trump, who supports the industry. Trump’s 2024 election victory and subsequent backing triggered a boom-and-bust cycle, argues Bloomberg Intelligence strategist Mike McGlone. “Cryptos got Trumped,” he said on Bloomberg Television. The selloff comes after fresh ...