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Bitcoin’s Existential Crisis
The confusion has never been this extreme. Bitcoin, Ethereum, and the wider cryptocurrency market at large are experiencing an existential crisis. Prices have been getting slammed since October 10, when President Trump began to negotiate major tariffs with China. President Xi mentioned possible export controls on essential rare earth minerals. From Bitcoin’s October 6 peak, it has since dropped as much as 21.5% in 29 days. Ethereum saw a peak-to-trough drawdown as much as 35.5% over the same period. The drawdowns are causing traders and investors to worry that the early stages of a long bear market are here. Fear ... (full story)
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