Bitcoin Is Crashing Hard

This is not looking good. Crash and Burn The global financial crisis spurred on by president Donald Trump's ill-founded tariffs has reached Bitcoin, and it's crashing hard. During the salad days after the election and into Trump's early days as president, the digital currency was soaring over $100,000. But the economic uncertainty of Trump's trade war has eviscerated it; over the weekend, Bitcoin fell from around $86,000 per token on Friday to roughly $75,000 by the time markets opened Monday morning before rebounding to around $78,000 — a steep drop that reflects how poorly things have gone in the few days since Trump's reciprocal tariff announcement began wreaking havoc on the world's economy. Trump had leaned hard into crypto during his last campaign, so the blockchain crowd was hoping he'd preside over boom times. But by the end of this weekend — and the start of what analysts are now calling "Black Monday" — it seemed that the digital currency's big dreams had gone bust. Fire ... Read full article.