Trump's plan for our economy: make U.S. "crypto capital of the planet"

[SandraMaus]

Web 3 is doing great
https://www.web3isgoinggreat.com/

 

[SandraMaus]

cRyPtO rEserVeS

Bitcoin slides to six-month low as risk off tone grips markets



Crypto is far too volatile to function as currency, and as an investment its value is backed by absolutely nothing. Typical financial bubble.

Crypto needs a stable internet to work. But that might not be a given in the future. If we don't find a sustainable way for mining crypto we might used up the energy to run a stable internet mining crypto

 

[MajorRewrite]

Bitcoin and other cryptocurrencies continue to slide. Oddly, Crooked Donnie hasn’t mentioned his “cryptocurrency reserve” idea in a while.

Bitcoin Plunges to Below $86,000 in Risk-Off Start to December

The crypto market is on shaky ground after a weeks-long selloff that began when some $19 billion in levered bets were wiped out in early October, just days after Bitcoin set an all-time high of $126,251. The original cryptocurrency shed 16.7% of its value in November, but a let-up in the selling pressure saw it regain ground last week, rising to above $90,000.

After the latest bout of selling on Monday, traders are bracing for bigger moves lower.

“It’s a risk off start to December,” said Sean McNulty, APAC derivatives trading lead at FalconX. “The biggest concern is the meagre inflows into Bitcoin exchange traded funds and absence of dip buyers. We expect the structural headwinds to continue this month.

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