Big news in the world of cryptocurrency! The value of many cryptocurrencies, like Bitcoin, went down by over 4% recently. This happened even though the White House had a meeting about crypto and created a special Bitcoin savings account.
There are a few reasons why crypto prices fell. Crypto prices are now closely tied to the stock market. When stocks go down, crypto often goes down too. Experts say that worries about the economy are making people invest in safer things instead of crypto. The new Bitcoin savings account might not make prices go up right away, because it uses cryptocurrency that was already taken from criminals, not newly bought crypto.
- Crypto prices dropped after a White House meeting.
- This is partly because crypto prices are linked to the stock market.
- Experts say people are choosing safer investments because of economic worries.
- A new government Bitcoin account might not quickly boost prices.
| Cryptocurrency | Price Change (approx.) |
|---|---|
| Bitcoin (BTC) | Down below $87,000 |
| Ether (ETH) | Down 3% |
| XRP | Down 7% |
| ADA | Down 9% |
