This Could Be the Beginning of the End of Trump’s Love for Crypto Cash | News World

Donald Trump’s honeymoon with the cryptocurrency industry may be over. At the very least, the campaign contributions in Dogecoin he received last month are probably a lot less valuable right now than they were three weeks ago.

That’s because crypto prices—like a lot of stocks—aren’t doing well at the moment. Coindesk reports that the price of Bitcoin plummeted 15 percent over the course of a day, while Ether similarly fell 21 percent during one 24-hour period. Prominent exchange Coinbase sank 17 percent. Numerous other crypto-related businesses have all seen similarly apocalyptic slides.

Indeed, the crypto market is undergoing what observers have been calling a “perfect storm.” One particular event that some have attributed to the industry’s recent panic is a series of uniquely large asset transfers by the trading firm Jump Trading. The…