What was the main fall in Bitcoin? What are the experts waiting in the coming days?

Crypto para The market came under a serious sales pressure with the reaction of investors after the highly anticipated White House crypto summit.

The world’s largest crypto currency Bitcoin, It fell below $ 80,000 for the second time in three weeks and fell to a level that he had not seen since the US elections in November.

The instability in the market came after President Donald Trump’s decree, which created a strategic Bitcoin reserve and digital asset stock last Friday. In addition, Trump promised to put an end to the implementation of Signing the Stablecoin legislation and purifying the banking sector from crypto currencies before August. Although the announcement initially led to optimism among some investors, skepticism began in a short time as the details of the initiative emerged.

“Donald Trump’s curious crypto summit was an exemplary practice in public relations, Ka said Kai Warwzinek, the founding partner of Impossible Cloud Network, and added:“ While promising a great change for the President of the US President Krypto, he did not offer anything. ”

The administrative order requires complete accounting of federal digital assets and predicts that the US will not sell any reserved Bitcoin (BTC). Instead, these assets will be considered as a value store similar to digital Fort Knox. In addition, the US stock of digital assets will consist of non -Bitcoin digital assets seized in criminal or legal transactions, and there will be no plan to acquire additional assets beyond those obtained through seizure.

The US government is currently holding a 198,109 BTC worth about $ 16 billion.

However, concerns about the implementation of the plan keep investors cautiously. “Trump’s Bitcoin reserve plan is deprived of clear details, the volatility of crypto currencies can follow high,” he added: “Time, money and allocation is unclear. Market cautious; If the plan progresses, he focuses on the profit, and he is preparing for losses if he stops. ”

The annual Bitcoin volatility rose to 62.67 %as of March 9, reaching the highest level of the last three months. Analysts attribute this to the mismatch between market expectations and the reality of Trump’s crypto initiative.

“Existing crypto sales reveal the incompatibility between existing crypto sales, expectations and reality, the founder and financial analyst of The Coin Bureau, and added:“ Investors had unrealistic expectations for crypto reserves, and they were disappointed when the details emerged. ”

Puckrin also stated that Trump administration continues to focus on long -term interest rates and budget deficit, that is, expenditure cuts and customs duties will probably continue.

“This may be painful for risk assets in the short term, but 10 -year Treasury returns fall very quickly,” he said: “In the long run, this is much more important for Trump and voters because interest rates will decrease and the United States can finally come out of the debt swamp.”

Despite short -term turbulence, some experts believe that the developing regulatory environment and deeper integration with traditional finance can ultimately strengthen the crypto currency sector.

“The promise of integration with the healing regulatory environment and traditional financial rails will reinforce the important role of crypto currencies in the US finance environment, P said Pucrin.

*It is not an investment advice.