⚡️The Financial Times published an article criticizing cryptocurrencies: Bitcoin is still severely overvalued, and a crash is imminent.
Last week, Bitcoin faced one of its most severe crashes since 2022,
dropping to about $60,000,
erasing all gains since Trump took office in 2024.
Since hitting a historical high of over $127,000 last October,
the decline has exceeded 50%.
The U.S. may have welcomed the leader closest to a 'Bitcoin President'.
Establishing a 'strategic Bitcoin reserve', pardoning several crypto criminals, allowing the inclusion of crypto assets in 401(k) pension accounts, and claiming to have ended the 'crypto war' of the Biden era...
Yet, even so, Trump's return to the White House has not been able to stop the continued selling pressure on Bitcoin.
Last week, Bitcoin faced one of its most severe crashes since 2022,
dropping to about $60,000,
erasing all gains since Trump took office in 2024.
Since hitting a historical high of over $127,000 last October,
the decline has exceeded 50%.
The U.S. may have welcomed the leader closest to a 'Bitcoin President'.
Establishing a 'strategic Bitcoin reserve', pardoning several crypto criminals, allowing the inclusion of crypto assets in 401(k) pension accounts, and claiming to have ended the 'crypto war' of the Biden era...
Yet, even so, Trump's return to the White House has not been able to stop the continued selling pressure on Bitcoin.