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Texas’ $10M bitcoin investment slips into the red amid crypto price dive
Boosted by a pro-cryptocurrency Trump administration, digital coins spent most of last year soaring to new heights. Bitcoin, the world’s most popular digital currency, skyrocketed from below $70,000 before the 2024 election to above $126,000 in October, an all-time high. But this year, amid broader geopolitical turbulence, economic uncertainty and growing pessimism around alternative investments, crypto has been in a nosedive, falling to a recent low below $64,000 — wiping out its entire run up from Trump’s second term. Other popular cryptos, including Ethereum, have also been plunging, and some analysts have ... (full story)
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