Despite former President Donald Trump’s<\/strong> apparent backing of Bitcoin, the premier cryptocurrency continues on a downward spiral, sending jitters across the global crypto market. This period, often referred to as ‘Crypto Winter<\/strong>‘, has left many wondering about the future of Bitcoin. There are a few reasons behind Bitcoin’s roller-coaster ride.<\/p> First and foremost, regulatory pressures globally, particularly from China<\/strong>, have greatly affected the digital currency. China has launched a crackdown on crypto mining operations, leading to a drop in Bitcoin’s value.<\/p> Secondly, talks about looming inflation have also contributed largely to Bitcoin’s downfall. This has raised the uncertainty about investing into digital gold for the fear of losing more.<\/p> Lastly, while Mr. Trump’s comments may support Bitcoin, they do not translate to policy changes. The lack of supportive crypto-regulation reforms cast a dark shadow over Bitcoin’s future. Hence, despite Mr. Trump’s backing, unless solid institutional changes are implemented, Bitcoin’s value will continue to fall.<\/p> The ‘Crypto Winter<\/strong>‘ could continue until Bitcoin addresses these issues effectively and comprehensively. However, Bitcoin believers argue that this is merely another cycle in the volatile journey of the path-breaking digital asset, and that they remain cautiously optimistic about what lies ahead. \nRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":" \u00e2\u0080\u0098Crypto Winter\u00e2\u0080\u0099: Why is Bitcoin Crashing Despite Trump\u00e2\u0080\u0099s Support? Despite former President Donald Trump’s apparent backing of Bitcoin, the premier cryptocurrency continues on a downward spiral, sending jitters across the global crypto market. This period, often referred to as ‘Crypto Winter‘, has left many wondering about the future of Bitcoin. There are a few reasons […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[10],"class_list":["post-8411","post","type-post","status-publish","format-standard","hentry","category-financial-news","tag-financial-news"],"_links":{"self":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/8411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/comments?post=8411"}],"version-history":[{"count":1,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/8411\/revisions"}],"predecessor-version":[{"id":8412,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/8411\/revisions\/8412"}],"wp:attachment":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/media?parent=8411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/categories?post=8411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/tags?post=8411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}