Bitcoin, the world’s most popular cryptocurrency, was trading at about $89,000 as the U.S. stock market opened. That’s down from about $106,000, which was the price around Trump’s inauguration. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month.
Investors have fled the largest cryptocurrency in recent days, amid fresh security concerns and a perceived lack of policy action from Donald Trump.
The cryptocurrency market is experiencing a dramatic reversal of fortune as Bitcoin has plunged below $90,000, reaching its lowest level since mid-November. This decline marks a significant departure from the buoyant rally that followed President Trump’s election,
Bitcoiners could be forgiven for blaming the rest of crypto for the bear move that took the price of BTC down more than 20% from a record high above $109,000 just five weeks ago to as low as $87,000 earlier on Tuesday.
The crypto market sees rising whale dumps for PolitiFi tokens TRUMP & MELANIA, raising market concerns of further bearish price action ahead.
Live Mint on MSN10d
$Trump meme coin investors lose $2 billion in less than a month; How are $Melania, Bitcoin performing?Donald Trump’s cryptocurrency, $Trump, has fallen sharply from its highest levels of $75, making investors cumulatively lose billions. Meanwhile, $Melania, launched by his wife and First Lady Melania Trump has also seen a sharp decline.
LIBRA was released on Friday, sparking a now-deleted tweet of support from Argentina's President Javier Milei saying it would support small and mid-sized businesses in the country. His backtracking on the project prompted a 95% plunge in the token's value.
Following a series of meme coin collapses, it is time for influential politicians and policymakers to draw a bright line between "crypto" scams and bitcoin.
The Associated Press on MSN8d
Coins, watches and more: A look at Trump’s crypto-related ventures, by the numbersDonald Trump has leaned into his unofficial role as the “crypto president” in ways that can both help the crypto industry and enrich himself and his family.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results