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As Bitcoin's price drops, some question Trump's ability to carry out a pro-crypto policy
On Thursday, bitcoin's price plunged to approximately $93,000, driven by investor concerns over a potential U.S. government sell-off of bitcoin seized from the Silk Road darknet marketplace. This decline was further exacerbated by a rise in U.S. Treasury yields, which hit 4.67% on January 7. Historically, increases in Treasury yields have led to decreased interest in riskier assets like bitcoin, prompting investors to seek safer investments. The uncertainty surrounding Donald Trump's upcoming presidency has also contributed to bitcoin's recent price stagnation, according to some experts. For example, some in the ... (full story)
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From cointelegraph.com|Jan 9, 2025Thai police and electricity officials have reportedly seized 996 Bitcoin mining devices from a company they say illegally diverted electricity to run the machines. The Bitcoin ...
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- Posted: Jan 9, 2025 11:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 153
