Bitcoin under pressure: Hacker attack and Trump's promise strain the market!

Bitcoin under pressure: Hacker attack and Trump's promise strain the market!

Nashville, Tennessee, USA - The Bitcoin market is under pressure! On Tuesday, the leader of the leading cryptocurrency on the Bitstamp trading platform fell below the $ 90,000 mark, which has been marked by the lowest level since mid-November 2024. In the event of a selective slump, the Bitcoin temporarily noted at around $ 89,700 or $ 85,706, according to which experts are connected to a hacker attack on the Bybit crypto exchange. This incident has triggered a sales pressure in the entire cryptomarkt, which also hit Ethereum and other important cryptocurrencies such as XRP, Solana and Dogecoin, as well as OE24 reports .

The latest decline follows one year, which was characterized by considerable events for Bitcoin, including the first approval of Bitcoin-Spot ETFs in the USA and the so-called "halving", which halved the mining reaward from 6.25 to 3.125 BTC. These developments have awakened hopes for a demand controversy regulatory environment under the new presidency of Donald Trump. Trump himself had promised in the election campaign to make the United States a "crypto capital" and to create a positive regulatory climate for cryptocurrencies, so capital.com .

hopes and risks in the crypto world

While Trump's election victory initially inspired the market in 2024, analysts raise that its protectionist approach also carries risks. Above all, the desired lower interest rates could affect the attractiveness of risky systems such as Bitcoin. Timo Emden from Emden Research states: "For investors, Donald Trump remains a curse and a blessing at the same time." His promises could prove to be a strategic move to gain voters. But the greatest hopes, addressed to the new US government, could quickly be steamed by reality shocks.

In addition, the inflation schematized by Trump's policy and market volatility is considered significant challenges. The Bitcoin market remains tense, while investors should observe the next steps of the former president.