Big news in the world of cryptocurrency! Recently, lots of people were selling their Bitcoin and other digital money. This caused prices to go down a bit. It's like when everyone wants to sell their toys at once, the prices drop.
- Many investors sold their Bitcoin investments in funds called ETFs.
- This happened because of worries about the economy and some confusing things President Trump did with tariffs (taxes on goods from other countries).
- Despite the selling, some good things are also happening. The US government is thinking about using Bitcoin, and trading in Bitcoin ETFs went up.
Fact | Number |
---|---|
Money lost from Bitcoin ETFs in one day | $430 million |
Lowest predicted Bitcoin price | $69,000 - $70,000 |
US government's potential Bitcoin reserve | $16 billion (200,000 Bitcoin) |