Trump’s ‘fake’ warning about Bitcoin price suddenly shakes the cryptocurrency market
Bitcoin and cryptocurrency prices have fallen from the peak they reached after Donald Trump won the election. With traders preparing for a “big” move in 2025.
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Bitcoin’s price has fallen from an all-time high of over $108,000, and has dropped about $90,000 per bitcoin, wiping out about $500 billion from the combined cryptocurrency market. Amid warnings of a possible imminent collapse in Bitcoin prices.
now, The Federal Reserve fears that its “biggest nightmare” may come true in 2025Analysts have warned that the Bitcoin and cryptocurrency market has “false expectations” for the incoming Trump administration.
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“It is very likely that the market has illusory expectations about the pace of policy changes, and will overestimate the impact that will last until the inauguration,” Vitel Lund, head of research at K33, wrote in December. Note For customers.
Trump is set to be inaugurated as President of the United States on January 20, and the cryptocurrency industry is betting on him issuing a series of executive orders and directives — though if they fail to be implemented, the price of Bitcoin could fall.
“We expect the current rally to peak in mid-January before the inauguration and view that area as a natural area for minimizing risk and generating profits in the short term,” Lundy wrote.
Trump has pledged to make the United States the Bitcoin and cryptocurrency capital of the world during his second term A plan to create a strategic bitcoin reserve similar to the country’s oil reserves was recently confirmed Helping stimulate the Bitcoin price boom.
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Lunde’s bearish Bitcoin price prediction echoes a similar warning from former BitMex CEO Arthur Hayes, who earlier this month warned of a January Bitcoin price collapse.
“I think the cryptocurrency markets will see a horrific dump on Trump’s inauguration day on January 20, 2025,” Hayes, who now runs the Maelstrom family office, said. books In a blog post.
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