Bitcoin volatility at the highest level since August 2024: Working about US economy and Trump's unpredictable politics are driving movement

<p> <strong> Bitcoin volatility at the highest level since August 2024: Working about US economy and Trump's unpredictable politics are driving movement </strong> </p>

Bitcoin volatility: Current developments and economic influences

On March 19, 2024, Bitcoin's volatility rose to 3.6 %, which is the highest level since August 2024. This increased volatility reflects the uncertainties on the market and is closely linked to the continuing concerns about the US economy and the unpredictable trade policy by Donald Trump.

Additional complexity by Elon Musk?

According to UliS Tearudklans, the situation is also complicated by the introduction of the Department of Government Efficiency (Doge) by Elon Musk by introducing the Department of Government Efficiency. Tearud clans are concerned about the effects of this political development. The idea of ​​reducing government expenditure is supported by both Republicans and Democrats, but the economic effects are difficult to estimate.

Doge is said to have already brought the US government savings of $ 115 billion, which was achieved, among other things, by layoffs, the sale of assets, the cancellation of subsidies and other austerity measures.

increase in Bitcoin volatility since Trump's inauguration

A look at the time since Donald Trump's inauguration has shown that the volatility of Bitcoin has increased significantly. On the day of his inauguration, January 20, 2024, the Bitcoin course reached a new all-time high with $ 109,000. A few days later, however, there was a decline of 30 %, which pressed the price to a preliminary low of $ 76,700.

Aktuell is looking for support in the range of $ 84,000 to $ 87,000 - but it remains to be seen whether this is a sustainable recovery. The causes of turbulence are still present: a weakened US economy and the high level of uncertainty that Trump can cause with his policy.

outlook

Currently Bitcoin operates in an environment in which new all -time highs still seem far away. In order to regain the positive momentum, numerous factors would have to significantly change. However, the story has shown that such turns can also occur very quickly. Investors and market participants will follow the developments carefully in order to be able to react to possible changes in the Bitcoin market.