Bitcoin price slid to its lowest level in nearly a month on Friday, just as David Sacks confirmed he is stepping down as President Donald Trump’s “AI and crypto czar,” amplifying anxiety over the policy outlook for digital assets.
Summary
- Bitcoin drops below recent trading range as more than $500 million in leveraged crypto bets are liquidated.
- David Sacks exits his White House crypto advisory role after exhausting a 130‑day special‑employee term, raising questions over the durability of the administration’s pro‑Bitcoin agenda.
- Since Sacks’ appointment in late 2024, Bitcoin’s price has surged from below $100,000 to all‑time highs before the latest pullback,…
