Crypto and Bitcoin in particular were hyped after the election. A crypto friendly administration they said. Crypto stocks jumped and the suckers got lured in. Classic scam. Once the suckers got lured by their greed the smart money started selling.
“Nic Puckrin, financial analyst and founder of the Coin Bureau, said in an email to Yahoo Finance earlier this week that the "sharp sell-off in crypto on renewed tariff fears shows that Bitcoin, and even altcoins, are now entirely driven by politics.
"This was never the intention for Bitcoin — indeed, it was designed as an anti-political asset — but this is where we are right now.”
https://finance.yahoo.com/news/bitcoin-nears-80000-level-in-worst-month-since-2022-144457611.html
I barely pay any attention. Crypto is stupid. Bitcoin is not serving its purpose. And the others are useless. We don’t need 15 firms of crypto coins out on the market. And the idea that they fluctuate in value completely negates the whole argument in favor of them as a currency. Currencies are valuable if they don’t fluctuate in value. Duh