Why did the cryptocurrencies decrease after Trump’s election? – Tsanj Fio News
Why the encryption decreased? Despite the hopes of a boom in cryptocurrencies after Trump’s election, the market suffers from a decrease in bitcoin, along with other currencies. This is the reason for the collapse of encrypted currencies, which leaves investors confused.
The hope of the great encryption
When Donald Trump got a second term, the enthusiastic currency currencies were separating their hands together, expecting a mutation. After all, the promise of policies in support of encrypted currencies, tax discounts, and the relief of the organization made many believe that this is the right moment. It was expected that the value of bitcoin, ethereum and other cryptocurrencies were expected to rise under a management that seems to love major companies, and it is certain that cryptocurrency is suitable for this law. The market, which was nourished by optimism, expected an unparalleled madness in alternative currencies.
Screen shot (https://coinmarketcap.com/)
Only in: Total #Checks The market value decreased by 6.6% today to 3.56 trillion dollars 🔴
What do you buy in this decrease?
But as the inauguration ceremony passed, Trump’s speech did not refer to cryptocurrencies or series of blocks, the truth was severely shocked. Investors who were expecting organizationally, or at least a form of support for the encrypted currency sector, nothing left. So, it is normal for the market to do what the markets do when expectations are not fulfilled: they collapsed.
Trump’s silence: The last nail in his coffin
Curricula investors enjoyed the idea that Trump’s second state would bring preferential treatment to their favorite assets. However, when his inauguration speech did not indicate even cryptocurrencies, the hopes of many were dissipated. Without clear references from the new president on digital currency support or even taking a parking, the cryptocurrency market such as stone decreased.
The lack of any important initiatives or plans that are friendly currencies as a punch in the gut of traders who pumped money in the market in anticipation of a boom. The following was expected: large -scale sales and market momentum loss. Instead of height, there was a feeling of drowning as the main cryptocurrencies, including bitcoin, suffered from sharp declines.
Market flexibility test
The value of Bitcoin, at the time of writing this report, has decreased to about $ 100,000, a significant decrease from its highest levels, and there are now questions about its elasticity. The market’s ability to recover, especially after the disappointment of Trump’s silence, is now under a microscope. If the cryptocurrency is supposed to be the next big thing, then this sudden decrease shows the extent of their volatility and the inability to predict them.
Why bitcoin and cryptocurrencies?
dumping?
In the past few hours, BTC has become
He decreased by more than 5%, while it was large
Hats decreased by 8 % -10 %
This has nothing to do with
The encryption market and everything
To deal with the American stock market.
American stock market drowns
Today, this is only because of … pic.twitter.com/f0Tycgdmro
For those working in the encrypted currency market, the current situation may seem to be a test of patience. Can encrypted currencies bounce again without supporting favorable policies? Or is he governed by a cabaret train that never reaches its climax?
Mimi currencies and Trump effect
It is more than that the clay is that Trump and Melania, which gained popularity related to Trump’s commercial brand, also witnessed their decrease, despite the rise of Trump when the president took office for the first time.
Screen shot (https://coinmarketcap.com/)
It seems as if the ecosystem of the entire encrypted currencies has been infected with the cold, and the memes – known for their height and irregular decline – is not an exception. Investors who believed that these currencies would flourish under Trump’s leadership, and found themselves staring at heavy losses instead of gains.
If the meme’s currencies are the solution, then I will release one. With development. The same conditions as $ Trump . 20% float. The same release schedule. One difference.
All revenues of selling coins go to the US Treasury. The wallet address will be published so that everyone can follow it.
if…
The volatility of the Mimic digital currency market is not the new, but it highlights the extent of volatility that the encrypted currency market can be when it depends on promises that are never achieved. At the present time, it is clear that the speculation based on expectations is not sufficient to keep the market standing on its feet.
Reality bites
As Trump enters his second term, the cryptocurrency market faces a harsh reality: hope does not always translate into profits. The lack of procedures in support of encrypted currencies by the new administration may let investors ask whether the cryptocurrency market can survive on its own. While cryptocurrencies are still volatile as they were, the road in front of us may be more difficult than expected. Investors will need more than just hope to overcome this recession; They need policies, not promises.
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