The new initiative of the White housesigned directly by the President Donald Trumppromised to shake the markets of the cryptocurrency With the creation of a “strategic reserve of Bitcoin”. The announcement, made by the cryptocurrency tsar David Sacksshould have thrilled investors and give new life to the digital sector, but the reaction was exactly opposite.
Bitcoin price in free fall after the ad
Immediately after the spread of the news, in fact, the price of the Bitcoin He suffered a sharp drop, losing up to 5.7%. Investors expected a concrete turning point, perhaps with direct purchases of cryptocurrencies by the American government, which instead were not foreseen. The disappointment was immediate and palpable, quickly deflating the initial optimism.
Bitcoin and cryptocurrencies, partial recovery after the collapse
After slipping into the night until 5.7%, the Bitcoin He reduced the losses and in the morning he was exchanged at 89,050 dollars, down by 0.8%. Other cryptocurrencies are also in difficulty: Ethereum At the moment it loses 0.7%, XRP 2.2%, Cardano 3.9%, while Solana Rooms of 0.4%. The details of the measure have disappointed expectations since the reserve will include bitcoin already owned by the federal government, avoiding new purchases in order not to weigh on American taxpayers.
Trump and the cryptocurrency summit
The American president Donald Trump The first summit on cryptocurrencies will host the White House today, pronouncing a speech in the State Room dedicated to digital resources. Numerous CEO of Crypto Company will participate. To prepare for the event, Trump has established a strategic reserve of Bitcoin through an executive order and a supply of other digital resources. The Treasury Department will create a special office to administer the reserve, capitalized with the bitcoins confiscated by the government in criminal or civil proceedings. According to Trump, “Bitcoin is the original cryptocurrency” and its limited availability offers “a strategic advantage” to the nations that accumulate a reserve.
Traditional bags: the Trump effect on duties
But it is not only the cryptocurrencies that suffer. Also the traditional bags Days of tension and nervousness are experiencing. The reason? The continuous uncertainty generated by commercial policies and by duties introduced by Trump. Companies and investors, in fact, fear that one commercial war can hit the hardly theglobal economyreducing growth and profits.
Volatility and economic uncertainty: what awaits us?
Experts believe that, without clarity on future economic policies, the market could remain at this stage of volatility For a prolonged period. In particular, the uncertainty about the duties and the lack of a clear strategy on the role of cryptocurrencies risk keeping the tension high between investors.
Future prospects: eyes on the White House
What to expect in the coming months? The answer is simple: the markets await clearer and concrete signals from the White House. A coherent and predictable policy on fundamental economic issues could in fact report trust and stability. In the meantime, the eyes remain on the next moves of the Trump administration, in a context where each announcement has the power to move billions of dollars in a few minutes.