🔹 Crypto market capitalization shrinks by $440 million in a week
🔹 Bitcoin Reserve announcement fails to spark bullish sentiment
🔹 Trump warns of short-term economic challenges due to policy shifts
The global cryptocurrency market continued its downward trajectory last week, shedding $440 million in market capitalization. As of Monday, the total market cap stands at $2.66 trillion, reflecting ongoing volatility and cautious investor sentiment.
Despite the much-anticipated announcement of a U.S. Strategic Bitcoin Reserve, the market failed to react positively. Instead of triggering a bullish rally, the revelation that the U.S. would not sell its existing or confiscated Bitcoin led to further market corrections.
Adding to the uncertainty, former U.S. President Donald Trump’s remarks on economic policies heightened fears of short-term financial strain. In an interview with Fox News, Trump acknowledged that while his trade and fiscal policies aim to build a stronger future, they could inflict short-term economic pain.
The overall crypto market cap dropped from $3.11 trillion to $2.61 trillion between Monday and Sunday, resulting in a sharp $440 million decline.
📉 Key Market Data:
🚨 Major Cryptos That Suffered Double-Digit Declines:
Market analysts believe U.S. trade policies, a potential tariff war, and global economic uncertainty are keeping investors on edge. Last week’s heated Oval Office exchange between Trump and Ukrainian President Volodymyr Zelenskyy further fueled concerns.
Additionally, the much-hyped White House Crypto Summit left investors disappointed as expectations of a more proactive Bitcoin accumulation strategy failed to materialize.
🗣 Ian Balina, CEO of Token Metrics, shared insights with FXStreet:
“Many expected the Strategic Bitcoin Reserve to involve fresh BTC purchases. However, the U.S. simply confirmed that it will not sell or confiscate its existing Bitcoin holdings. While this is a positive step, it did not provide the bullish momentum the market was hoping for.”
📊 Key Factors to Watch:
While Trump’s policies aim for long-term economic stability, the short-term uncertainty continues to rattle global financial markets. As crypto traders navigate this period of uncertainty, all eyes remain on BTC’s next major move.
💬 Do you think the market will recover, or are we headed for more downside? Let us know in the comments!
🔍 Stay updated with the latest crypto and forex news only on DailyForex.pk! 🚀📈
Silver (XAG/USD) shows signs of a potential breakout as long-term bullish patterns gain strength, drawing…
The U.S. Dollar weakens as EUR/USD approaches 1.17 and both the British Pound and Japanese…
Markets remain tense as Fed policy signals and ongoing tariff uncertainty raise the potential for…
EUR/USD edges lower toward 1.1600 as markets focus on the looming US-EU trade deadline and…
Gold price remains steady near $3,350 as investors seek safety ahead of a key tariff…
AUD/USD rises as the U.S. Dollar softens on dovish Fed signals, but questions remain over…