Whoopsie daisy Bitcoin!

image via The Verge

April 7, 2025, 7:47 PM

• •Bitcoin has fallen from its all-time high of more than $100,000 in January to $78,800 as of this writing.
• •The decline is likely due to the global financial turmoil caused by the US trade war.
• •Bitcoin is not as independent from the rest of the market as its true believers often claim.

Bitcoin is crashing because people are selling off their riskiest assets in a bear market. Bitcoin is not useful for much else besides speculation.

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