$800 Billion Loss Rocks Crypto as Trump Excitement Wanes
Global cryptocurrency markets have lost more than $800 billion in recent weeks.
As the Financial Times (FT) reported Wednesday (Feb. 26), this rout comes as the enthusiasm within the crypto sector that came with Donald Trump’s election victory begins to fade.
Bitcoin, the world’s most popular crypto, has lost more than 15% this month, with its pricing falling to $86,500 Wednesday. Other tokens have seen even larger losses, thanks in part to shaken confidence following a record hack of the Bybit exchange.
But as the FT notes, traders are also frustrated with Trump’s speed at following through on some of the promises he made to the cryptocurrency sector during the campaign.
“The slower than anticipated rollout of…
