The cryptocurrency market has come under serious pressure following the White House summit. Bitcoin's drop below $80,000 has sparked investor concerns.
Cryptocurrency Market Sales
Bitcoin fell below $80,000 again amid tensions following the White House summit. This decline is the second in three weeks and has reached a level seen before the U.S. elections in November.
Trump's Agenda Reaction
President Donald Trump signed an executive order to create a strategic bitcoin reserve and digital asset stockpile. Although initial optimism was high, the detailed plan led to skepticism. The executive order calls for a full accounting of federal digital assets and prohibits the sale of bitcoins held in the reserve, treating them as a new store of value.
Forecasts and Expert Opinions
Experts warn of increased market volatility. Marion Laboure of Deutsche Bank noted that uncertainty in plan details may lead to cryptocurrency instability. Analyst Nic Puckrin explained, 'The mismatch between market expectations and reality has led to a sell-off.' Long-term prospects remain favorable due to expected regulatory improvements and integration with traditional finance.
Despite short-term fluctuations, experts are optimistic about the strengthening of the cryptocurrency sector due to enhanced regulation and integration with traditional financial mechanisms.
