Bitcoin and crypto prices have dropped after surging in the aftermath of Donald Trump’s election victory (though a White House official has just revealed how Trump could spur the bitcoin price higher).
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The bitcoin price has fallen to around $85,000 per bitcoin, down from a peak of $110,000 per bitcoin in January, as traders scramble to protect their bitcoin from a new, mystery threat.
Now, after the Federal Reserve confirmed expectations it could be about to open the “floodgates,"
Fed chair Jerome Powell has warned the risk of recession is
rising—something BlackRock’s head of bitcoin and crypto has predicted
could be a “big catalyst” for the bitcoin price.