‘Why is Bitcoin down today?’: Crypto platform founder gives stark warning amid fresh crash

Bitcoin, Ether, and other major cryptocurrencies experienced a major decline on Saturday, a trend that has been going on for days now. At the time of writing this story, Bitcoin fell 0.7% to $83,769.51, its longest streak of monthly losses since 2019. Ether fell 4.9% to $2,677.91.

An attendee photographs Bitcoin signage on the exhibition floor during the Plan B Forum Bitcoin conference (Bloomberg)
An attendee photographs Bitcoin signage on the exhibition floor during the Plan B Forum Bitcoin conference (Bloomberg)

This came as the dollar had its biggest rally since May after President Donald Trump announced his pick for the Federal Reserve Chair, Kevin Warsh. If confirmed by the Senate, Warsh will succeed Jerome Powell, whose term ends in May.

Reactions to the Bitcoin and Ether crash

Several investors took to social media to express their frustration…

Source link