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Trump Media Abandons Crypto Plans Amid Bitcoin Price Plunge

Guavy AI Editorial Team
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BTC CRO
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Trump Media & Technology Group Corp., led by Donald Trump, has canceled its agreements with Crypto.com. The deals included forming a digital treasury company to purchase billions of dollars' worth of CRO tokens and making prediction market contracts available on Truth Social.

The collapse marks a significant step back for the conglomerate from the cryptocurrency space. Bitcoin prices have plummeted by nearly half since their peak last year, reaching around $65,000 in value. This decline has also led to a decrease in enthusiasm for token-hoarding stock vehicles.

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