How were the price shares of the encryption companies before the Donald Trump key summit
Your support helps us tell the story
From reproductive rights to climate change to large technology, independent on the ground when the story develops. Whether you are investigating the financial statements of Pac Pac or the production of our latest documentary films, “The Word”, which shines light on American women who are fighting for reproductive rights, we know how important it is to analyze facts from the correspondence.
At this critical moment in the history of the United States, we need correspondents on the ground. Your donation allows us to continue to send journalists to speak to both sides of the story.
Independents are trusted by Americans all over the entire political spectrum. Unlike many other quality news means, we choose not to remove the Americans from preparing our reports and analyzes using Paywalls. We believe that quality journalism should be available to everyone, and pay for it by those who can bear its costs.
Your support makes all the difference.
Bitcoin More than 15 percent decreased a day ago Donald TrumpThe second opening as President of the United States.
Moreover, and S & P 500 – The index follow 500 of the largest companies listed in the country – more than six percent minimum What was the case when he took the constitutional oath was less than it was when he was elected president.
This comes after the president announced himself as a friend of markets and said he wanted his nation to be the capital of encryption in the world.
For companies and investors, there is a crossover point Coded Or at least follow its prices closely.
Coinbase The world is one of the examples. The encryption trading exchange platform can benefit from price changes to Bitcoin – it takes fees as a percentage of transactions as one revenue flow – but the price of its share decreased by 20 percent a month. Given its size according to the maximum market, this is equivalent to a decrease in approaching the value of the company, which is valued at 10 billion pounds within a few weeks.
Certainly, the price of bitcoin missile with Mr. Trump’s plans to create a national currency reserve has definitely affected there – but the lack of work has since witnessed opposite and more fluctuations. It is far from the only affected company The broader technology market has seen a great stagnation.
However, Coinbase and others will meet the president, who represents the industry at the Crypto summit for the White House.
The meeting, which must see the likes of Chainlink, Robinhood and Exodus laboratories and the most representative theme, also Crypto CZAR DAVID SACKS and “adult donors” are present, Reports He claimed, but there is no fixed agenda for what will be discussed.
What is clear is that the price of Bitcoin remained volatile, as it reached the highest new level ever in January but is unable to maintain this level.
Even after a decrease to less than 80,000 dollars – from the highest level exceeding $ 106,000 – the fluctuation continued, with presidential promises and perhaps some technical trading indicators also contribute to a rise to nearly 95,000 dollars, followed quickly to 82,000 dollars, and recently, climb 90,000 dollars.
All this, last week.
Investing in cryptocurrencies has always been for those who have strong behavior when it comes to risks: reward possibilities, and now with the emergence of the most firmly established and publicly traded companies linked to a highly linked to encryption prices, which extend to the stock market as well.
Add in The appearance of Bitcoin ETF last year, The possibility of exposure to encoding has become easier than ever.
So Robinhood, Block and others – and those who invest in them – will definitely benefit from the clarity of Mr. Trump’s management plans.
Microstrategy is another major example. The company was now involved in the analysis program, and it is now a large investor in Bitcoin, as more than 400,000 coins as a major letter of value in the work.
Of course, this value has decreased significantly whenever the Bitcoin price decreases: although nearly ten percent increased in the trading session on Tuesday, Microstrategy remained more than 21 percent last month at more than 40 percent of its highest level in November to Wednesday’s trading. Volatility lasted: I closed 12 percent a day, however it is still leaving him more than a third of Mr. Trump’s arrival.
Block, the financial services provider founded by Jack Dorsi and known as Square, has decreased more than 28 percent a month, and another trading platform has decreased, although it allows investments in stocks, money and other assets in addition to encrypted currencies – by more than 20 percent since mid -February.
The stock market is investing with risks related to the best times, so there are no dramatic surprises here that the assets alignment with the encryption markets are more affected. Mr. Mimi’s private currency Trump It also decreased by more than a quarter last month.
But there are certainly surprises at a time when stock prices were intended for a week to a week to a week after Mr. Trump’s ads or promises. Possible definitions and revenges have now added another layer of uncertainty to companies in the broader stock market.
For plans and positivity alike, those who work – or investing – in or beside the encoded currency field hope to bring Friday’s summit a degree of clarity in the end.
https://static.independent.co.uk/2025/03/05/12/33/GettyImages-2013219447.jpeg?trim=1,0,1,0&width=1200&height=800&crop=1200:800
