Bitcoin value is nosediving: 4 reasons why
Donald Trump’s election in 2024 was supposed to usher in the golden age of cryptocurrency.
So, why has Bitcoin lost nearly 20 percent of its value since his inauguration?
Cryptocurrency is notorious for its volatility, so sharp declines and surges are not unexpected. However, Bitcoin and the broader crypto market have mostly seen steady growth, with values climbing across the board. In fact, Bitcoin even broke the six-figure mark for the first time following Trump’s election.
Here’s why Bitcoin is falling, and how much of it actually ties back to Trump.
$TRUMP actually hurt the crypto space
A few people made a lot of money when Trump randomly launched his $TRUMP memecoin just a few days before his…
