Bitcoin setback: Trump's promise investors disappointed!

Bitcoin setback: Trump's promise investors disappointed!

In the middle of a market environment characterized by uncertainty, Bitcoin experienced a dramatic decline on Monday. The oldest and best-known digital currency fell to around $ 78,700 on the Bitstamp platform-a value that has been closer to the lows since November 2024 than at the highest levels of over $ 107,000, which were recently achieved. The causes of this decline are complex, in particular concerns about the current US customs policy and the possibility of a recession under President Donald Trump, which, according to experts, could threaten the growth of the largest economy in the world, such as OE24 reported.

The Bitcoin had previously benefited from a rather optimistic mood, which was triggered by Trump's announcement on strategic cryptocurrency reserves. Market analyst Timo Emden from Emden Research emphasized, however, that the recent price gains quickly turned out to be a "straw fire". In the end, investors must see that they cannot draw any substantial values ​​from mere words, while the euphoria about Trump's positive statements has now given way to their sober consideration. Trump had also mentioned smaller cryptocurrencies such as XRP, SOL and ADA as part of the reserve in his contributions on the Truth platform and even spoke out for Bitcoin and Ethereum, but the question of his motifs remains in the room, as world reports

The market reactions show that investors are increasingly skeptical about the announced crypto-friendly policy of the Trump administration. There is a lot of indication that the announcements are more theater thunder than substantial progress. This stirs up that Bitcoin and other cryptocurrencies are more in a short -term speculative trade than they could be regarded as stable systems.