General
@lordfarkwaaa
• 3 months agoBitcoin price plummets to <$66K
This is down 45% from the all-time highs after Trump's reelection
Bitcoin’s bust means it lost its entire “Trump bump.” Crypto investors cheered Trump’s victory in November 2024, sending bitcoin and other cryptocurrencies surging, after Trump embraced the digital assets he once shunned, and instead pledged to remove regulations that he said were holding crypto back.
So what’s behind this new crypto winter? Mostly doubts that bitcoin is “digital gold,” after all.
Treasury Secretary Scott Bessent didn’t help matters Wednesday, when he testified before the House Financial Services Committee that the Treasury has no authority to stabilize crypto markets.