The Bitcoin market is in free fall, pulling down the entire crypto- currency market. Under President Trump, and the City of London-Wall Street crew, the world has become more dominated by speculative markets—crypto coins, the “prediction market,” the basis trading market, the derivative market—relative to physical economic production, than in any time in history. The Bitcoin fall could be the trigger that sends the entire speculative market into a shock-wave of contraction.
On June 25, toward the close of trading, Bitcoin was trading at $58,800 per token, 53% less than the value of a Bitcoin token of $125,8000 on October 25 of last year. In just over one month, Bitcoin has lost 22% of its value.
