📉 BTC Shock: The "Trump Correction" Hits? 🚨
The crypto market is on edge as President Trump recently hinted at taking "stronger action" regarding Bitcoin's rally. The response was immediate:
$BTC reacted with a sharp pullback, dropping below the key $70,000 psychological level.
🔍 What’s Driving the Pullback?
While the President has been historically pro-crypto, the market is currently processing a "second hammer blow" of uncertainty:
The Warsh Effect: Trump’s nomination of Kevin Warsh as Fed Chair has fueled fears of a hawkish shift and a smaller Fed balance sheet—cutting off the "cheap money" that fuels crypto.
Regulation or Control? Hints of "stronger action" are being interpreted by some as a shift toward stricter federal oversight or stablecoin crackdowns.
Full Capitulation: Over $2 Trillion has been wiped from the total crypto market cap since the October peak, and Bitcoin has now erased all gains made since the 2024 Election.
📍 The Big Question
Is this the "Trump Dump" before a new legislative era, or is the administration signaling that the $126k peak was too much, too fast?
Are you buying this "political dip," or is it time to sit on the sidelines? Let’s hear your take. 👇
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