The trajectory of bitcoin is rarely flat, and the recent decline is completely contrasted by investors and traders forecasts immediately after President Donald Trump.
According to the previous check, Bitcoin (BTC) was trading slightly higher than $ 101,000 on Sunday night, dropping by 3 %.
Trump factor
When President Trump started as the second president, Bitcoin enthusiasts were optimistic and expected a wave of cryptocurrency promotion policy. However, the inauguration speech lacked nodding of digital assets, and the market focused.
Investors who were betting on cryptocurrencies -friendly governments were disappointed and expanded their selling waves.
The pouring of the fire was poured into the official Trump (TRUMP) and the “melania”, and the pair of Mes Coin, connected to the Trump brand, entered the market with explosive enthusiasm. It just crashed.
Trump tokens were halved in just a few days since their debut, but Melania coins worsened and lost 74 % of their value. These flashy but short -lived business added instability to the already nervous markets.
Economic crosswind
On the other hand, the solid economic indicators from the United States played a double role. The strong performance of the conventional market has given some investors a sense of security, but at the same time led to a higher -risk asset, such as cryptocurrencies. The interaction of these macroeconomics has further worsened bitcoin's difficulties.
Hope light
Despite the confusion, Bitcoin still has important value, and has been traded for more than $ 100,000, the level that many people would have thought in just a few years. 。
In the long term, an optimistic perspective continues. Companies that provide cryptocurrencies and listed investment trusts (ETFs), including Rally Fink, the CEO of Black Rock, assume tremendous soaring companies.
Fink predicted that Bitcoin could rise to $ 700,000, as institutional investors are deepening to cryptocurrency.
What is next?
For now, the cryptocurrency market is facing an important trial to test resilience. Bitcoin's sluggish sluggishness shakes trust, while a wider community thinks that these fluctuations are natural, and keeps a resolute attitude.
At the time of writing this article, the value of bitcoin is about $ 101,477. See below.
