#TrumpVsPowell

The price of Bitcoin has sharply declined to $38,642 during broader sell-offs in Asian markets, along with a drop in the price of Ethereum.

This decline came in the wake of losses on Wall Street on Thursday, January 20, which wiped out nearly $150 billion from the cryptocurrency market.

Bitcoin has fallen by approximately 8% in the past 24 hours, while Ethereum, the second largest cryptocurrency by market capitalization, has decreased by about 10%, reaching