Trump-Musk Rift, Bitcoin’s Price Swings, and ECB’s Latest Move: Your Weekly Crypto Recap
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Market Reaction to Political Drama: Bitcoin's price fluctuated due to the ongoing conflict between President Biden and Elon Musk, with BTC experiencing a decline to around $100,400 before recovering slightly to $104,000. Other cryptocurrencies like DOGE and AVAX saw more significant losses.
Key Developments in Crypto: Despite Bitcoin's price drop, over 22,500 BTC were moved from exchanges to self-custodial wallets, indicating reduced selling pressure. Additionally, Robinhood acquired Bitstamp for $200 million, further solidifying its presence in the crypto market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
