A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-03-03 16:45:08

Why Has the Bitcoin (BTC) Price Fallen Yet Again? Trading Below $90,000

The cryptocurrency market has lost momentum following the euphoria that began when US President Donald Trump announced a broad cryptocurrency strategy that extends beyond Bitcoin. Investors and industry leaders expressed concerns about the inclusion of lesser-known cryptocurrencies in the plan, leading to an initial surge followed by a sell-off. Some Analysts Suggest That the Drop Came Due to the Addition of Assets Other Than Bitcoin to the Cryptocurrency Reserve Trump yesterday announced his intention to integrate Ripple (XRP), Solana (SOL), and Cardano (ADA) alongside Bitcoin (BTC) and Ethereum (ETH) as part of his cryptocurrency agenda. The announcement initially sparked a surge in the assets in question, but optimism quickly faded as doubts arose about the viability of the plan and its underlying motivations. After this, the cryptocurrency market experienced a sharp decline in the last hours. Ripple lost 11%, Solana 18% and Cardano 10%. Bitcoin also fell by about 5% to below $90,000, while ETH lost 10%. CoinMarketCap chart showing the recent decline in Bitcoin price. The market turbulence comes amid broader concerns over Trump’s economic policies. The cryptocurrency sector experienced a heavy sell-off in February, increasing pressure on Trump, who enjoys industry support and significant financial backing from crypto-related donors. Even the Securities and Exchange Commission’s (SEC) easing of regulatory pressure on the sector has failed to stop the market decline. Related News: Developers of Altcoin Not Included in US Strategic Cryptocurrency Reserve Make Urgent Call to US Government - They Demand to Join Analysts suggest the sell-off could be linked to concerns about Trump’s tariff policies and plans to overhaul government programs that have investors on edge. “For a president who values being a market hero, the performance of risk assets last week was far from satisfactory. There was clearly a political calculation at play: Trump needed results before his cherished approval ratings began to slide,” QCP Capital, a trading firm, said in a report. With the recent decline, there was a liquidation of $158 million in the cryptocurrency market in the last 4 hours, $128 million of which were in long positions. *This is not investment advice. Continue Reading: Why Has the Bitcoin (BTC) Price Fallen Yet Again? Trading Below $90,000

Наиболее читаемые новости

Solana Network Sees 40.88% Drop in Transactio...
2025-03-04
Will Maker [MKR] dip to $1345? The ongoing de...
2025-03-04
White House Crypto Czar Confirms Full Crypto...
2025-03-04
Bitcoin and Altcoin Prices Plunge: Analysts W...
2025-03-04
Trump’s Crypto Reserve Plans Split the Indust...
2025-03-04
Bernstein Analysts Question Inclusion of Bitc...
2025-03-04
TSMC Pledges $100B for US Chip Plants, Eyes 2...
2025-03-04
Ethereum Faces Key Challenges Amid Policy Exc...
2025-03-04

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения