The recent decline in cryptocurrency prices can be partly attributed to President Donald Trump's lack of clear measures to regulate and support the industry. He did state that he would favor Bitcoin mining and wanted to create a Bitcoin Strategic Reserve. Despite the growing popularity of digital assets, Trump’s administration has not yet implemented comprehensive policies or legislation to foster the growth of cryptocurrencies. This lack of direction left the market uncertain, contributing to increased volatility.
Many investors and the general public are still hoping for clearer guidelines or a regulatory framework that would support cryptocurrency adoption, especially within the financial system.
The absence of a supportive stance from the government means that cryptocurrency markets continue to face legal ambiguity, limiting broader institutional adoption. This uncertainty, combined with ongoing regulatory scrutiny, has led to price fluctuations and a general bearish sentiment in the crypto market in the past few days
Interesting write up! Do you think this is just a short term correction before a potential recovery? Or what action are you taking now?
Short term correction.
In the past few days we have seen the price of Bitcoin as well as other coins drop by a lot which is basically disappointing. Thanks for explaining the reason for the decline.
I believe it is part of the nature of bitcoin and cryptos. It will go back up again