This Week in Crypto: Markets Shed $800 Billion
Volatility is the name of the game when it comes to crypto markets, and this week offered participants more of the same: an $800 billion rout since January.
The price of bitcoin has dropped from its peak of $108,000 circa Trump’s election to around $86,000 as of reporting, as fervor over the potential for a softer U.S. regulatory climate wanes and the sector is rocked, again, by a series of scandals.
The recalibration of expectations has led to a recalibration of the markets. Rather than kicking of a regulatory shift and investing into the creation of a national bitcoin reserve during his first 100 days in office, Trump’s most prominent crypto move has been the launch of his own meme coin. The $TRUMP and $MELANIA meme coins…
