What happened: Bitcoin's price has fallen sharply to its lowest point since Donald Trump became US president, despite his public support for the digital currency.
Why it matters:
- The drop affects investors and traders involved in cryptocurrency markets.
- It highlights the volatility and unpredictability of digital currencies like Bitcoin.
MNN Take: Bitcoin's value can fluctuate widely due to various factors, and political endorsements do not guarantee price stability.
Sources: BBC Business