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Bitcoin traders brace for a drop to $65,000, but White House surprises may send prices even lower
Everyone’s watching Donald Trump right now.
As Bitcoin continues to trade between $65,000 and $70,000 on the back of the US and Israel’s attack on Iran on February 28, market watchers brace for new bombshells coming out of the White House that will rock the price further.
The worry is that the unpredictability of the Trump administration and the general chaos of the war will exacerbate the strained US economy, force the Federal Reserve to hike interest rates, and, as a result, jeopardise the stability of the price.
“Surprise statements — whether negative or positive — can influence how stable the price will be,” Nicolai Søndergaard...