crypto market under pressure: Bitcoin falls at $ 84,713 according to Trump's controversial Bitcoin reserve regulation

<p> <strong> crypto market under pressure: Bitcoin falls at $ 84,713 according to Trump's controversial Bitcoin reserve regulation </strong> </p>

Bitcoin and cryptocurrencies under pressure after Trump's announcement

Bitcoin fell to $ 84,713 on Wednesday and lost the profits that it had achieved at its most recent maximum $ 90,000. This decline was a reaction of the dealers to the Bitcoin reserve decision of former President Donald Trump. The entire market capitalization of the crypto economy shrank by 4.55 %, with all top 10 cryptocurrencies-including Ethereum, Solana and XRP-fell in harmony.

The decision that federal authorities proves to include Bitcoin in the US reserves through criminal engagements seems to have triggered a sale for unclear reasons. This uncertainty led to profit-taking after Bitcoin had previously increased over the $ 90,000 mark.

In the late evening, at 8:45 p.m. ET, the Bitcoin price stabilized a little and was $ 88,663 per unit. In the previous hour, $ 101 million had already been liquidated in Bitcoin Long positions, which made a total of $ 245 million disappeared from the cryptoma markets within 24 hours. The trade volume increased because exchanges of increased volatility reported, while levered positions were dissolved.

This decline illustrates the sensitivity of the cryptoma market compared to political signals. At the time of the last observation, Bitcoin leveled off over $ 88,663. Analysts warn of further volatility, especially in view of the upcoming White House Crypto Summit.

The current situation in the cryptom market underlines the challenges that investors face, especially in times of political uncertainty.