Almost everyone in the world of cryptocurrencies celebrated the second elections of President Trump, an enthusiastic industry enhancement that promised to turn the United States into the “planet’s encryption capital”.
But now the man nicknamed “The first bitcoin president” He heads Bitcoin’s crash.
Since Mr. Trump announced his global definitions last week, the price of bitcoin decreased by 10 percent, as it decreased to less than 78,000 dollars on Sunday night. In January, Bitcoin reached a record price of about $ 110,000 on the day that Mr. Trump was opened.
The rapid decrease shows that bitcoin, which is often placed as a long -term source of value, is still undergoing the tampering of the broader market that has been celebrated since Mr. Trump announced wide import taxes last week. Many Bitcoin investors are treated just like any other technical shares, which is a risky investment that makes sense to sell it in difficult times.
Since his victory in a second term, Mr. Trump has greatly achieved his promises to help the encryption industry. He appointed organizers supporting Crypto and signed an executive order to create a government stock of Bitcoin.
Meanwhile, Mr. Trump also expanded his personal investments in the world of encryption, marketing the so -called Mayikoin with his supporters.
But the impact of its definitions on the encryption market led some Obesity.
“Crypto is strange, but it is often associated with optimism and delicious risks,” Haseeb Quresehi, a project investor specialized in Crypto, Books on social media Sunday. “This optimism collapses under Trump’s silence.”