Donald TrumpWith the start of ‘s presidential term, a new wave of rise in the cryptocurrency market was expected. However, in Trump’s first official speech while taking office, cryptocurrencyThe fact that he did not use any expression regarding these caused disappointment in the market. Investors started selling in the face of this development and Bitcoin $102,590.7There was a significant pullback in (BTC).
All Eyes on MicroStrategy’s Shareholders’ Meeting
Market fluctuations due to Trump’s silence in the last 24 hours cryptocurrency futuresIt resulted in the liquidation of 816 million dollars. A market picture emerged in which Bitcoin’s volatility was particularly prominent.
QCP Capital analysts see tomorrow’s vote by MicroStrategy shareholders as a critical turning point for the market in the current environment. The issue to be discussed is taking an important decision that will increase the number of shareholders. The impact of the outcome of this meeting on the price of Bitcoin is already being wondered.
States Consider Creating Independent Cryptocurrency Reserves
On the other hand, another focal point of the cryptocurrency market is that eight states in the USA have their own independent states. cryptocurrency reservesHe is making plans to create . Texas And massachusetts This trend, led by large states such as , is expected to spread to more states. According to Bloomberg, five more states are showing interest in the issue.
Trump potentially a national leader Bitcoin reserve Speculations that it will be created create great uncertainty in the market. If the US President takes action on the issue, a new rally in the cryptocurrency market could be triggered, QCP Capital analysts told. However, analysts emphasized that in the current situation, the market follows state-based decisions.
QCP Capital analysts expect the high volatility in Bitcoin, which has hit the entire cryptocurrency market, to continue in the coming days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
