The price of Bitcoin (BTC) rose to the highest level during the day, $ 87453 in the first hours of the New York trading session, but rapidly regained its gains to 83,655 dollars shortly after the appearance of US President Donald Trump at the top of the digital assets in New York.
Before the video statement, rumors were distributed to X, indicating that President Trump will announce the tax gains taxes on some encrypted currencies or a positive statement on the American strategic bitcoin reserves.
To the disappointment of some merchants, none of the rumors have proven that they were true, and Trump simply doubled his promise not to sell the Bitcoin, which was confiscated by the government, and called the Congress to enact a clear legislation in Stablecoin.
The most positive statement made by President Trump was the restoration goal of making the United States the leader in everything encryption.
“Together, we will make America the indisputable power of bitcoin and the capital of encryption in the world.”
As is common for encryption markets, traders have clearly bought rumors that Trump will issue a kind of pro -petouin executive request, and as soon as this was not, they are sold in the news.
In the X Publishing, the Aksel Kibar is still a chance to correct the Bitcoin price to $ 73,700.
BTC/USD scheme for one day. Source: AKSEL KIBAR / X
Compassionate He saidand
“The long -term chart on BTC/USD. It still seems to decline to $ 73.7 thousand dollars. The following here will decide the following procedure for the few prices.”
Not all Bitcoin power is not due to the excitement of Trump's statement today. On March 19, BTC responded positively to the launch of FOMC records and Federal Reserve Chair, Jerome Powell that the quantum tightening system of federal reserves would reduce its pace and that the possibility of interest rate discounts in 2025 remained on the table.
Arthur Hayes, co -founder of BitMex, took a victory in what the Federal Reserve's recognition described that QT will end mainly on April 1, but he warned that although $ 77,000 may be the bottom of bitcoin, sudden bouts of volatility may lead to more pain in stocks and BTC.
Hayes He saidand
“JayPow, QT mainly was delivered during April 1. The next thing we need GT Flosty for Realz is either SLR exemption or QE restart.
Related to: Trump says that the United States will be “Bitcoin super power” as it breaks the price of BTC for 4 months
As Cointelegraph mentioned, the majority of the recent Bitcoin measures are driven by activity in futures markets, but the appearance of BTC Coinbase may be a sign that immediate demand belongs to the market.
Bitcoin Coinbase Index. Source: Cryptoquant
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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