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Massive Drop for Bitcoin Sparks Panicked BTC Price Predictions
The cryptocurrency market began crashing on Friday as President Donald Trump announced he would be nominating Kevin Warsh as the new Federal Reserve Governor. The hawkish pick could mean more interest rate cuts, and Bitcoin fell more than 6% as a result. While internet rate cuts can be good for the market in the short term, multiple cuts during a time of high inflation can lead to economic disaster. This is what has the market concerned right now, and investors are dumping Bitcoin quickly as they anticipate further decline. The trend that has caught hold of Bitcoin now is a dangerous one, and it could definitely push ... (full story)
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