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Crypto Takes a Deep Slide Despite Trump’s Support

By Ilene
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https://pixabay.com/photos/bitcoin-cryptocurrency-money-3014511/

The price of Bitcoin is now lower than when President Trump was elected in 2024, raising concerns of a new “crypto winter” in the industry.

By David Yaffe-Bellany, The NY Times

The price of Bitcoin is lower than it was the day before President Trump’s election. A leading cryptocurrency exchange is laying off a large chunk of its work force. And a push for industry-friendly legislation has stalled in Congress.

After months of declining prices and dispiriting setbacks, the crypto industry has found itself deep in one of its periodic slumps — a so-called crypto winter.

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