Bitcoin Price Prediction: As Lawrence Summers Calls Trump’s Bitcoin Reserve Plan ”Crazy,” This New PEPE Derivative ICO Surges Past $1.2 Million
The Bitcoin price slipped over 3% in the last 24 hours to trade at $98,661.54 as of 3:44 a.m. EST. The correction in the BTC price comes as former US Treasury Secretary Lawrence Summers dismissed incoming President Donald Trump’s plans for a strategic Bitcoin reserve as “crazy.” “Some of what is being said, this idea that we should have some kind of national Bitcoin reserve, is crazy,” Summers said during a Dec. 6 interview with Bloomberg TV. BTC also experienced a turbulent trading day yesterday as investors celebrated a new all-time high of $103,583.91 for the crypto leader. But the euphoria didn’t last long as BTC suffered a quick and sharp correction to below $93K, wiping out $200 billion from its market cap in the process. It has since bounced back to trade at its current price. Bitcoin Price Could Break Out Above A Consolidation Channel Soon 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price has been in a consolid...