Why is Bitcoin and crypto crashing? Reasons behind the bad month
Trump signs Genius Act, first major U.S. crypto law, into effect
President Donald Trump signed the Genius Act, establishing the first U.S. crypto law regulating stablecoins.
Crypto’s having a terrible, horrible, no good, very bad month, and it could get worse before it gets better, experts said.
Cryptocurrencies have cratered this month, losing more than $1 trillion in value in recent weeks. Bitcoin’s dropped to the lowest level since April and is on track for its worst month since 2022. It’s down more than 33% from its all-time high above $126,000 in early October, which officially pushes the digital unit into bear market territory defined as at least 20% lower than the record high.
Bitcoin’s now down about 10% this year, and likely will…
