The encryption prices declined while the euphoria fades
Trump asks the Crypto team to formulate new rules, and we have explored the inventory
“Hello Bitcoiners!” The encrypted currency fans broke during his election campaign. “If Crypto will determine the future, then I want to be a respondent, salary and manufacture in the United States of America, and it will be.” Now Donald Trump takes steps to deliver his promise to be a “chief encrypted”.
The prices of the cryptocurrency have decreased sharply in recent weeks, and it is not expected to recover soon, as some of the largest digital currencies have erased almost all the gains they achieved after Donald Trump’s victory in the elections a wave of excitement throughout the industry.
Some analysts said that the market is likely to remain defeated while waiting for a bullish sign, such as evidence that the American Federal Reserve is planning to reduce interest rates or a clear regulatory framework that supports rental from the Trump administration.
Bitcoin BTC =, the largest encrypted currency, decreased by 21 % from the peak of January 20, and returned to the levels that were seen shortly after Trump’s victory in the US presidential election in November, as hope in obtaining the strategic bitcoin reserves and the introductory threats that weigh the demand for speculative assets.
Other cryptocurrencies have decreased faster, as ETHE ETH = more than 40 % has decreased since December.
He decreased by Coinmarketcap data that sparked fears of conflicts with conflict concerns, which it launched days before his inauguration in a move that sparked concerns that conflict interests, decreased by 80 % of the peak of January, according to CoinMarketcap data.
The American President promised a wave of pro -Crochon moves during his campaign, pledging to be a “chief encrypted”. He pledged to create a national stock for Bitcoin while repairing the encryption regulations, and he called on encryption supporters Howard Lootnick and David Sachs to prominent positions within his administration.
During the Trump era, the Securities and Stock Exchange Committee withdrew investigations into many encryption companies and a lawsuit against Coinbase, and the largest encryption exchange in the United States, but these moves had no significant impact on encryption prices, and some industry analysts say that expectations about Trump may be a very angle.
In an executive order during his first week in his position, Trump ordered the creation of a coding working group charged with proposing new digital asset regulations and looking to create a national coding stock, to the dissatisfaction of some investors who were hoping to guide the United States to start buying bitcoin.
“The market is disappointed,” said James Bouteville, head of research at Coinshares Director.
He added that encryption prices face the opposite winds of more monetary policy and Trump’s threat of tariffs.
“This increases the uncertainty in this market, which does not help at all in Bitcoin at all. Until we get (clarity in the Bitcoin Reserve), I cannot see the prices recover greatly,” Boufille said.
Since the December Summit, nearly $ 1 trillion has been eliminated with the nominal value of the Crypto Global Market, with the total market value of about $ 2.76 trillion, according to CoinMarketCap.
Some investors had to reset expectations, with preliminary reports from a new encryption group from Trump, not at least another month.
“It appears that the initial excitement surrounding the position of Trump’s pro -profit administration at a stage of re -calibration,” said Gabi Silby, head of research in cystic fibrosis standards, a digital assets index.
“In order for the feelings to turn more decisively, it seems that a clearer organizational framework or a major incentive – such as ETF’s additional (traded boxes) or policy transformations – is necessary.”
SEC agreed to the first investment funds circulating in the Investment Funds related to the immediate price of Bitcoin last year, which robbed the cryptocurrency to a new record.
However, some market monitors are as long as it was always.
Jeff Kendrick, an analyst at Standard Chartard, is committed to reaching $ 500,000, compared to a record increase of $ 109.071, before Trump leaves his office. He said this belief is the belief that new buyers will enter the market.
Kindrik added that organizational deposits in the United States showed that although hedge funds remain the dominant buyers on purchases, banks and sovereign wealth boxes, Kendrick added.
The quarterly deposits showed that the asset managers have strengthened allocations for the unions of American assets related to the instant bitcoin price in the fourth quarter of 2024, with Mobala Investment Company – a sovereign wealth fund in Abu Dhabi – he was reported in a stake in Black Rock Ihares Bitcoin worth $ 436.9 million.
They participated in the reports of Tommy Regeyri Wilkes and Hana Lang; Edited by Nia Williams
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