Last month, Trump was Bitcoin 
$104,050.19 He took the microphone while creating the necessary environment for altcoins that reached new record levels. Its disputes with China have painted the charts in red, and recent 12-month settlement agreements have not pushed prices higher either. There are many reasons for this, and one of the reasons for the recent decline is Wall Street.
Cryptocurrency Drop
Artificial intelligence Palantir Technology, one of the leading companies in the world, published its earnings report, but it did not meet expectations. While Wall Street’s well-known names increased their warnings about excessive valuations, there was fluctuation in stocks globally. The AI space has seen a period of impressive growth that has been very supportive of venture markets, and a weakening of this momentum would mean a weakening of cryptocurrencies as well.
Big technology companies such as Tesla and NVIDIA are weakening. The comprehensive review we published yesterday described how Trump’s top advisers prevented NVIDIA from selling in China.
What Will Happen?
Today the Supreme Court will meet regarding customs tariffs. Just now, US Treasury Secretary Bessent said, “It would be unusual for the Supreme Court to cancel the tariffs.” There are so many things that are increasing tensions, and the current situation has caused the dollar index to rise to its strongest level since May.
Bitcoin is near its June bottom and gold is declining. Fed The vague statement of the authorities continues to pressure the risk markets. We saw the selling accelerate yesterday when Goolsbee talked about the risks in inflation, and the dominant portion of the Fed members still adopt a hawkish stance.
We need to get good news these days. For example, an agreement or partnership that will bring together artificial intelligence and technology companies. Or the elimination of uncertainty with the Supreme Court’s decision in favor of Trump regarding customs tariffs. The government shutdown ends after a record period and future economic reports confirm the contraction in employment.
The government shutdown must and must end now crypto coins will support. SEC ETF approvals cannot be given, cryptocurrency laws are not progressing even though we are running towards the end of the year, all these are now starting to be against cryptocurrencies. The process, which will be long enough, is now likely to end soon, and this may bring a rapid return with the motivation of taking short liquidity after large long liquidations.
