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4 reasons why Bitcoin value is nosediving. (Hint: Its Trump.)

Donald Trump’s election in 2024 was supposed to usher in the golden age of cryptocurrency.

So, why has Bitcoin lost nearly 20 percent of its value since his inauguration?

Cryptocurrency is notorious for its volatility, so sharp declines and surges are not unexpected. However, Bitcoin and the broader crypto market have mostly seen steady growth, with values climbing across the board. In fact, Bitcoin even broke the six-figure mark for the first time following Trump’s election.

Here’s why Bitcoin is falling, and how much of it actually ties back to Trump.

$TRUMP actually hurt the crypto space

A few people made a lot of money when Trump randomly launched his $TRUMP memecoin just a few days before his inauguration. The token was technically the most successful memecoin launch ever as $TRUMP surged from basically worthless to around $75. The Trump family and its associates reportedly made $100 million in trading fees, without selling any of their $TRUMP holdings. 

However, for most average investors, $TRUMP was a loss. According to the New York Times, more than 810,000 crypto wallets have lost a combined $2 billion so far.

This, combined with other Trump-affiliated meme coin failures, like $MELANIA and the Argentinian President Javier Milei-promoted $LIBRA, has removed billions of dollars from the crypto market.

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Other memecoins have undoubtedly been hit the hardest, as crypto speculators pulled their money out of other tokens, invested it in these mainstream ones, and then lost their money. However, you can guarantee that Bitcoin also feels reverberations from this.

Trump’s pro-crypto actions underwhelm so far

This is potentially a temporary effect, depending on if Trump pulls through for his crypto backers.

Money from the cryptocurrency lobby helped propel Trump to victory last November. In exchange, the crypto industry expected Trump to end federal government investigations into crypto outfits, ease regulation, and help pass pro-crypto laws.

Trump has delivered on a few things. For example, Trump’s SEC dropped its lawsuit against the U.S.’s largest crypto exchange, Coinbase. The president also signed an executive order shortly after his inauguration to broadly promote the use of crypto.

But, other than aiding very specific companies and vaguely promising to do something for the industry at large in the future, Trump hasn’t done much else. It’s been just over a month since Trump became president again, so he still has plenty of time to deliver for crypto. However, Trump hasn’t done enough for the fast-moving industry. With Trump extracting money from the industry for his own personal gain with his meme coin, investors aren’t feeling so bullish about Trump and crypto anymore.

The largest crypto heist ever

Roughly $1.5 billion has just been stolen from one of the world’s biggest crypto exchanges, Bybit. That’s the largest heist ever in crypto and amounts to more than half of all the crypto stolen last year. Hackers and scammers are targeting crypto more than ever, and security incidents like this aren’t helping ease investors’ concerns.

While Bybit has since made customers whole with the help of loans and large deposits, customers are still fleeing the platform. In just one night, as much as $5.3 billion was withdrawn from the platform. 

With the market uncertain and investors distrusting those overseeing their holdings, crypto investors are withdrawing their money.

Trump’s economy

Speaking of market uncertainty, it’s not just cryptocurrency. Trump and Elon Musk’s mass firing of federal workers, economic policy that changes at Trump’s whims by the minute, rising costs of goods, and Trump’s constant threat of new tariffs have led to a very shaky economy. The markets are generally down, and despite some in the crypto industry pretending cryptocurrency is immune, crypto very much follows those same trends.

While Trump may deliver on crypto’s hopes for less regulation, the real question is whether people will have any money left to invest by the time he gets there. The crypto market will soon find out.


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Best Mothers Day gifts: Show mom some love

Mother figures are the backbone of the world. Yours may be your biological mother, or maybe she’s your mother-in-law, your best friend’s mom, or simply someone whose motherly instinct has helped you through hard times.

Moms teach you the adulting necessities, give advice even if the problem is your fault, and above all, they put up with your shit and (almost) never complain.

The game plan here isn’t just to snag the last bouquet at CVS just so you’re not the kid who forgot Mother’s Day (but definitely also get flowers). And you don’t even need to spend a lot of money. (Peep our list of Mother’s Day gifts that cost less than $50. Want even more cheap gift ideas?

Skip the generic mugs and show your appreciation with a gift picked just for her: Whether it’s something to make a part of her life easier, something she’s mentioned wanting in passing, or simply something to make her feel like a damn queen, you can’t put a price on everything she’s done for you, but heartfelt gifts certainly help.

After all, they say “No matter how hard you try, you always end up like your mother.” But is that even a bad thing?


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Ban subscriptions and get Microsoft Office 2024 for life for just £121

TL;DR: Grab Microsoft Office 2024 Home and Business for PC or Mac for just £120.54 through June 1.


You wouldn’t keep paying for Netflix if you could own your favorite shows, right? So why are you still subscribing to Office apps you use every day? Microsoft 365’s price keeps going up, but there’s finally a way to break free — and it’ll cost you way less in the long run.

Microsoft Office 2024 is the answer you’ve been looking for. Instead of monthly payments, simply pay £120.54 once and be set for life (reg. £188.37). It’s that simple. And, yes, this lifetime download works for PC or Mac.

What’s included?

This license comes with: 

  • Word

  • Excel

  • PowerPoint

  • Outlook

  • OneNote 

The newest version of Microsoft Office is a little different from Microsoft 365. But just because you’re switching to a lifetime license doesn’t mean you’ll miss out on some of the most recent updates. Word and Excel both still have AI integrations for text suggestions and smart data analysis, and PowerPoint still has improved tools for recorded presentations. 

Once you’ve redeemed your purchase, you can install your apps on one computer. After that, they’re yours to use however you want. No more subscription fees or sudden price hikes to worry about. 

Why rent when you can own? 

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Get a Microsoft Office lifetime license on sale for £120.54 with no coupon needed.

StackSocial prices subject to change.


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Wordle today: Answer, hints for May 9, 2025

Oh hey there! If you’re here, it must be time for Wordle. As always, we’re serving up our daily hints and tips to help you figure out today’s answer.

If you just want to be told today’s word, you can jump to the bottom of this article for today’s Wordle solution revealed. But if you’d rather solve it yourself, keep reading for some clues, tips, and strategies to assist you.

Where did Wordle come from?

Originally created by engineer Josh Wardle as a gift for his partner, Wordle rapidly spread to become an international phenomenon, with thousands of people around the globe playing every day. Alternate Wordle versions created by fans also sprang up, including battle royale Squabble, music identification game Heardle, and variations like Dordle and Quordle that make you guess multiple words at once

Wordle eventually became so popular that it was purchased by the New York Times, and TikTok creators even livestream themselves playing.

What’s the best Wordle starting word?

The best Wordle starting word is the one that speaks to you. But if you prefer to be strategic in your approach, we have a few ideas to help you pick a word that might help you find the solution faster. One tip is to select a word that includes at least two different vowels, plus some common consonants like S, T, R, or N.

What happened to the Wordle archive?

The entire archive of past Wordle puzzles was originally available for anyone to enjoy whenever they felt like it, but it was later taken down, with the website’s creator stating it was done at the request of the New York Times. However, the New York Times then rolled out its own Wordle Archive, available only to NYT Games subscribers.

Is Wordle getting harder?

It might feel like Wordle is getting harder, but it actually isn’t any more difficult than when it first began. You can turn on Wordle‘s Hard Mode if you’re after more of a challenge, though.

Here’s a subtle hint for today’s Wordle answer:

Gibberish.

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Does today’s Wordle answer have a double letter?

There are no recurring letters.

Today’s Wordle is a 5-letter word that starts with…

Today’s Wordle starts with the letter T.

The Wordle answer today is…

Get your last guesses in now, because it’s your final chance to solve today’s Wordle before we reveal the solution.

Drumroll please!

The solution to today’s Wordle is…

TRIPE.

Don’t feel down if you didn’t manage to guess it this time. There will be a new Wordle for you to stretch your brain with tomorrow, and we’ll be back again to guide you with more helpful hints.

Are you also playing NYT Strands? See hints and answers for today’s Strands.

Reporting by Chance Townsend, Caitlin Welsh, Sam Haysom, Amanda Yeo, Shannon Connellan, Cecily Mauran, Mike Pearl, and Adam Rosenberg contributed to this article.

If you’re looking for more puzzles, Mashable’s got games now! Check out our games hub for Mahjong, Sudoku, free crossword, and more.

Not the day you’re after? Here’s the solution to yesterday’s Wordle.


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