Reports suggest that US President Donald Trump may sign an executive order regarding cryptocurrencies, reigniting interest in regulatory discussions.
Speculations on Trump's Order
Reports indicate that President Trump might sign an executive order concerning cryptocurrencies on August 25. However, this information has not yet received official confirmation from government sources. Speculation surrounding this rumored order is growing, but there have not yet been significant changes in the market or updates regarding cryptocurrency regulations.
Neutral Reactions from the Crypto Community
Discussions within communities, particularly among crypto enthusiasts on social platforms, reflect anticipation, yet no tangible market response has been observed. Investors remain calm, with no significant fluctuations in the market or public statements from major crypto figures. Key opinion leaders (KOLs) and financial analysts express skepticism regarding the rumor's validity, stressing the need for official confirmations. 'Market reaction is based on speculation, and it's crucial to seek official announcements. Thus far, we've seen none,' commented CZ, CEO of Binance.
Bitcoin's Status Amid the Rumors
Bitcoin (BTC) is currently valued at $111,398.36, with a market cap of $2.22 trillion and a dominance of 57.44%, as recorded by CoinMarketCap. The trading volume over the last 24 hours surged by 54.06%, although its price fell by 3.04% during the same period. Experts from Coincu indicate that the absence of direct evidence regarding the executive order limits any potential impact on market trends.
Thus, despite the rumors regarding President Trump's potential executive order, the cryptocurrency market remains stable, and the responses from investors and experts highlight the need for official announcements.
