Since the election of former President Donald Trump, there has been a noticeable drop in cryptocurrency values. This trend has left many investors and enthusiasts baffled, as Trump’s policies seemed to favor deregulation and tax cuts, which are usually seen as friendly to the crypto industries. However, the reason seems to be more nuanced. His administration’s unclear stance towards crypto regulation, coupled with international tensions primarily with China; a big player in the crypto market, have contributed to market uncertainties. Moreover, Trump’s dismissal of Bitcoin and other cryptocurrencies on multiple occasions has also sent negative signals to the market. Despite this downtrend, many experts believe that the fundamental concept and the technology behind cryptocurrencies remain strong and it’s only a matter of time before they bounce back. Read More
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