Bitcoin Drops After Trump's Crypto Silence in State of the Union:💥💥🔥🔥🤐
Bitcoin price dropped from $66, 000 to $65, 000 soon after President Trump did not mention cryptocurrency in his State of the Union address, thus confirming economist Peter Schiff's warning of a sell, off. The digital currency had gone up prior to the speech on the basis of a crypto mention, but it declined 1.5% when Trump's speech left out Bitcoin.
Schiff had warned that there will be selling pressure either way if Trump mentioned Bitcoin or not, referring to "buy the rumor, sell the news" phenomena and the possibility of insiders cashing out. He labeled Bitcoin's years, long rally as a bubble and predicted that it could fall to $40, 000.
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BTC
67,673.82
-3.08%