The recent crash of Bitcoin has been too severe! It has directly fallen back to the starting point!
Thinking back to when Trump was elected in 2024, the hype was tremendous. Bitcoin skyrocketed from $75,000 on the day of the election to $109,000 at his inauguration, and even reached a high of $124,000 at one point. The cryptocurrency market was filled with joyous sounds.
But now, just a little over a year later, it crashed without warning! Just a week ago it was hovering around $88,000, and now it has plunged directly to $67,000, erasing all previous gains.
With this plunge, it’s hard to know how many people have been liquidated; entire contract accounts must be going to zero. The Bitcoin bubble has been burst; those who eagerly jumped in have spent over a year only to end up with nothing.
To make matters worse, U.S. Treasury Secretary Yellen has clearly hinted that they will not bail out cryptocurrencies! This has completely extinguished any hope, and it's uncertain where it will fall next.
