Trump, Bitcoin and Price Drop
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Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.
This firm is also a major gold holder.
Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.
Barry Silbert, CEO of cryptocurrency conglomerate Digital Currency Group, described the latest cryptocurrency crash as a god-sent opportunity poised to trigger significant capital inflows back into the sector.
The White House will try to broker compromise on key crypto legislation.
Bitcoin fell as low as about $74,500 early Monday, dipping below Strategy's average purchase price of $76,052 per token.
The crypto market may be closing in on the bottom of its current downturn, but analysts at Compass Point say it will take a broader risk-off event to push bitcoin (BTC) significantly lower. “While near-term risk remains skewed to the downside,
A risk-off mood swept through markets Tuesday as stocks stumbled and bitcoin slumped to its lowest level since November 2024.
The price of bitcoin fell about 10% over the past week.