Bitcoin on March 7, the last process day $89,294.82 In the stock market investment funds (ETF), there was a net output of approximately $ 370 million. This mobility is associated with President Trump’s cautious behavior of investors after the announcement of the US’s strategic Bitcoin reserve plan. Bitcoin’s spot price has lost more than 2 %value due to these developments. Market analysts emphasize that uncertainties on the details of the regulation increase short -term volatility.
Trump’s Bitcoin Reserve Plan and Regulation Details
The regulation signed on March 6 has officially officially officially the US goal of creating a national Bitcoin reserve. The plan foresees the transfer of crypto currencies seized through law procedures and law enforcement officers. The regulation also includes the requirement to strengthen the reserve without bringing additional financial burden to the taxpayers.
Bitget Wallet Operations Manager Alvin Kan said that the government’s lack of direct purchases was disappointed in the market. Wanchain CEO Temujin Louie pointed out that the limited scope of the regulation is insufficient to meet expectations. Experts say that the long -term effects of the reserve will only emerge if net policies are determined.
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The turmoil and expert comments in the market
The outputs in ETFs adversely affected the futures market as well as Bitcoin prices. Market data show that investors’ perception of risk increases and arrangement uncertainty triggers sales pressure. Ryan Radssen, Chief Officer of Bitwise Research, argued that other countries can develop similar strategies, “This can increase the interest of global financial institutions to Bitcoin,” he said.
However, some analysts believe that existing fluctuations are temporary. It is argued that the reserve plan can strengthen the US position in the crypto currency market and refresh the trust of corporate investors. On the other hand, if the ETF outputs continue, additional decreases in prices can be experienced.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
