Here is the reason for the disappointment of Bitcoin and Altcoin Prices after the Trump Summit Summit

Bitcoin and other altcoins such as Avalanche, Dogecoin and IOTA fell on Thursday, erasing some gains made after the Federal Reserve decision.

Bitcoin (BTCHe decreased to $ 84,000 from the highest level this week 87,500 dollars. ethereum (EthIt fell to $ 1965, while Dogecoin (Dodge), IOTA (corn), Jasmycoin (YasimiHe decreased by more than 4 %. The total market value of all cryptocurrencies decreased by 1.5 % to $ 2.74 trillion.

Bitcoin and other Altcoins failed to rise after Donald Trump announced that Crypto would expand the dominance of the US dollar. The statement in a previously recorded video of the BlockWorks digital assets, a encryption conference in New York City, continued to exaggerate his pro -profit feelings.

These coins decreased because Trump did not mention any concrete policy that his administration will provide. Before the statement, there were hopes that it would suggest making traditions of trading exempt from taxes in the United States.

The Trump administration has already taken important steps for the encryption industry. It was suggested that the Bitcoin strategic reserve consist of seized coins. It also signed an executive order to create an encrypted stock consisting of several coins in the United States of America, such as Cardano ((Lead) And ripple (Xrp).

More importantly, the Securities and Stock Exchange Committee has ended its legal battles against the encryption industry. Wednesday, agency Finish Against Ripple Labs That was continuing for years. He also ended other suits against companies such as Kraken and Coinbase.

Bitcoin and Altcoins decreased with a market reflection on Wednesday Federal Reserve Decision. After an initial rise, shares and encryption prices fell as a worry about the bank’s reduction in interest rates. Nasdaq 100 and & S& P 500 indicators decreased by 0.25 % each.

Another possible reason to decrease is that the market is watching the next Triple Witching event, when the options contracts are over $ 4.5 trillion. This separation event often leads to volatility in stock markets and encryption.