Bitcoin’s Price Has Plummeted. Now Strategy Is Key to the Crypto’s Future.
It’s entirely possible you missed the recent meltdown in bitcoin. Not to project, but there were other sell-offs in the likes of gold and silver sucking up most of the oxygen and attention. First Trade flicked at the losses, but it’s time to give what’s happened its full due.
The most recent damage absorbed by bitcoin came after the nomination of Kevin Warsh as the Federal Reserve’s new chair. Warsh is viewed as a hawk — especially when it comes to the size of the central bank’s balance sheet — and hawkishness is bad for risk assets like crypto.
The Warsh development explains the latest leg down, which pushed the price of bitcoin to its lowest level since Trump’s election victory in November 2024.
But…
