Bitcoin continues to record a fall to its lowest level since November, reaching around $83,000 after losing almost 20% from its peak during Trump's inauguration.
The increasingly gloomy market sentiment due to disappointing United States (US) economic data, Trump's new tariff threats, and the fall of technology stocks such as Tesla are adding further pressure to the crypto market.
Not only that, investors are increasingly wavering after the largest hacking incident in history involving Bybit, where $1.5 billion in Ether disappeared.
More interestingly, the President of Argentina, Javier Milei, quickly got in line and is now under investigation after promoting the LIBRA meme coin that rose sharply before collapsing - similar to a 'pump and dump' tactic.
Meanwhile, Donald Trump's son, Eric Trump, acted to incite investors to 'buy the dip' while replacing the letter 'B' with the Bitcoin symbol on his X application.
Troll or really confident?
The crypto world is full of surprises like crazy prices, political scandals, and cyberattacks.
But is this an opportunity to make money or a shortcut to ruin?
