elomusk

The harsh truth: if you think Bitcoin dropped 'because Trump and Elon pressed a button', you are outsourcing your responsibility. The market does not forgive this kind of lazy explanation.
What the data shows (and why this affects the price)
1) Liquidity rules (Fed and dollar): the market reacted to the fear of a more 'harsh' turn in liquidity with the indication of Kevin Warsh to succeed **Jerome Powell — he has already advocated for a Fed with a smaller balance sheet, and crypto tends to suffer when the scenario points to less 'easy money'.