• Authors

Suggested:

Forbes: Bitcoin's decline may be due to traders reversing bets after Trump's election


2025-02-2818443 Views
Week Bitcoin's decline intensified, falling 25% from the historical high set less than six weeks ago, as traders reversed their bets after the election of US President Trump. Bitcoin fell 2.8% in the Asian session, hitting its lowest level since November 11th. This is part of a general decline in cryptocurrencies, with Ethereum, Solana, and XRP also experiencing significant drops in recent days. The sell-off highlights the rapid changes in the fate of digital assets. Bitcoin hit a historical high of $109,241 on January 20th, the day Trump took office, but since then, due to concerns about Trump's aggressive stance and widespread concerns about the US economy, the price of Bitcoin has fallen sharply. Cryptocurrencies are also facing pressure from a broader shift in investor risk preferences.




Contact Us : ymxbxkr@gmail.com