Yet another Sunday sale at Crypto. Bitcoin (BTC) has set its 2025 low to retest at just $78,000.
Just after 7pm ET, Bitcoin fell 7% in the last 24 hours to just $80,000. The world’s largest crypto managed the most modest bounce from there, trading at $80,700 on press. Ether (ETH), Solana (SOL) and XRP (XRP) were lowered in similar amounts, while Cardano (ADA) and Dogecoin (DOGE) were approaching 12%.
“It could be a bit confusing,” President Donald Trump said in a Fox News appearance when asked about the impact of his tariffs and budget cuts policies. “If you look at China, they have a 100-year perspective… we go quarterly,” he continued. “What we’re doing is building a foundation for the future.”
Trump’s comments were called “Volckering” by some social media. This is a reference to former Federal Reserve Chairman Paul Volcker. Shortly after being appointed to the position by Jimmy Carter in 1979, Bolucker knew that by jacking the short-term rate to an unprecedented level, he would break the back of a decade of inflation and that doing so would ensure the US would experience a brutal recession.
By the time Volcker ended its tightening policy about 18 months later, the Fed’s funding rate had reached 20%, and the economy was actually experiencing difficult contractions. However, inflation was broken, and that stage was set for growth throughout most of the next decade.
In early Sunday evening action, US stock index futures overall fell by around 0.85%.
