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Latest news in the crypto world
Trump boom? More like a whiff
The broader crypto market has shed more than $1 trillion in value since a harsh liquidation wave in early October triggered a prolonged rout. Retail traders, accustomed to the dizzying highs of early 2024, have proven less able to stomach the drop.
Institutions can hold through the pain — but the outflows suggest many are choosing not to.
And for those clinging to the political narrative? The long-promised “Trump boom” for digital assets hasn’t materialized.
Yes, Bitcoin briefly broke $126,000 earlier this year, but the collapse that followed has left the industry reconsidering its assumptions about regulatory relief and institutional adoption.
SkyBridge founder Anthony Scaramucci had this to say on his podcast, “The Rest Is Politics“:$BTC