Message: Return type of CI_Session_null_driver::open($save_path, $name) should either be compatible with SessionHandlerInterface::open(string $path, string $name): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
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Bitcoin recently saw its longest losing streak since the 2016 US election, as its attempt to break the $100,000 price barrier failed, cooling the initial speculative fervor sparked by Donald Trump’s embrace of cryptocurrencies. The digital asset dropped about 6% over three days, bringing its value to $94,000 by Tuesday morning in London. This was part of a broader cooling in the crypto market, which had surged by $1 trillion since Election Day, but struggled to maintain momentum.
The pullback followed Trump's comments about increasing tariffs on China and North America, which added risk aversion in the market, further stalling crypto’s growth. Analysts like Noelle Acheson suggest that the difficulty of breaching the $100,000 mark might cause traders to lock in profits, but remain confident the bullish market sentiment will persist through 2025.
Despite Trump's previous skepticism toward crypto, he has shifted to a pro-crypto stance, making promises to foster a positive regulatory environment for the industry. However, questions remain on how quickly these changes can be implemented. After the election, $7 billion flowed into Bitcoin ETFs, though $438 million was pulled out on Monday due to diminishing demand.
Some analysts see the retreat as a healthy market correction, and not a signal of a broader downturn. Markets, including crypto, do not always move upward continuously, and this pullback offers a chance to recalibrate.
