Trumps pre elecion hype and his bullish and rousing early presidency comments regarding how the US will be stockpilers of Bitcoin, XRP, SOL, ADA and Etherium becoming the future crypto capital of the world drove investment levels and prices sky high. Yet now in the last week or so we hear a very different story from him, we learn that there will be no investment from the US goverment but they will fill their coffers with cypto realised from crime proceeds only. The market didn't like this and reacted accordingly resulting in crypto losing between 25% to 40% of its value and still falling. I would imagine that people who bought based on Trumps retorhic are quietly seething now.
As any savvy investor knows markets react to positive rumours and news, but where is the positive news now? The truth is there isn't any and as a result there's nothing to support the price especially Bitcoin whose value in directly related to increasing demand. Unless Trump and his cohorts provide some kind of support then we could see Bitcoin back down in the $30K range or less. Maybe its time to get out now before the bubble is fully deflated.