Bitcoin's price is on the verge of falling below the $100,000 mark amid political uncertainty in the US.
Factors Driving Cryptocurrency Prices Down
Following Trump's inauguration, concerns have arisen in the crypto community due to the lack of mentions of cryptocurrencies in his agenda. This may reduce confidence in digital assets.
Impact of Trump's Policies on Crypto Stability
Trump's silence on cryptocurrencies during his speech is concerning for crypto investors, given his association with a meme coin. Without clear regulatory initiatives, negative impacts on the market could arise in the short and medium term.
Current Market Situation and Forecasts
Despite some new cabinet members being supportive of cryptocurrencies, Senate confirmation may take time. Meanwhile, ADA has fallen below $1 and SOL is struggling at $239, while ETH remains at $3,250.
Without explicit government support and clear policies, the cryptocurrency market may continue to experience prolonged volatility. Observers are closely following possible government actions that could influence the sector's future dynamics.
