Crypto slump: The price of bitcoin fell as low as $86,000 - a far cry from its peak at close to £110,000 last month on the same day as Donald Trump’s inauguration as US president.
The price of the coin fell as low as $86,000 – a far cry from its peak at close to $110,000 last month on the same day as Donald Trump’s inauguration.
His victory in the US presidential election had sent bitcoin soaring after he vowed to make the US the ‘crypto capital of the planet’.
Worries about US tariffs further dented investor confidence after last week’s theft of £1.2billion of cryptocurrency from a Dubai exchange.
However, it has fallen recently as investors watch on nervously as Trump’s plans to impose tariffs on trading partners.
