The crypto market is experiencing significant fluctuations due to recent U.S. policy changes. Notably, Donald Trump's tariff initiatives have directly affected the value of digital assets.
Market Volatility in Cryptocurrency
Cryptocurrencies, including Bitcoin (BTC), are exhibiting considerable volatility: within the last 24 hours, Bitcoin's price dropped to $91,231 before rebounding to $98,499.3. This trend commenced with tariff measures initiated by Donald Trump. However, long-term prospects remain positive due to pro-crypto initiatives from the U.S. administration.
Key Events on February 4
Previously, Donald Trump announced the establishment of a special crypto task force. Executive orders were also issued to explore key blockchain issues. A specialized AI and crypto unit has been formed in the White House, headed by David Sacks. On February 4 at 2:30 PM EST, Sacks will hold a press conference on how the Trump administration and Congress plan to position America as a leader in the digital asset ecosystem.
Impact on Investors
The upcoming press conference could provide clarity on the U.S. government's plans to regulate and support the digital asset industry. Analysts are closely monitoring for potential new incentives or regulatory shifts that could affect both the American and global crypto markets.
Decisive actions and initiatives in cryptocurrencies by U.S. representatives continue to impact the market. Special attention is on how America plans to become a leader in the digital ecosystem.
