Expectations Were Not Met, Bitcoin and Cryptocurrencies Crashed

The eyes of the whole world were on the USA the other day. Because the winner of the elections once again Donald Trumptook over the presidency from Joe Biden. Of course, everyone was curious about the handover ceremony and the statements he would make right after it. Most of all cryptocurrency investors.

Donald Trump’s victory in the US elections has caused a stir in the cryptocurrency community. was welcomed with great joy. In fact, Bitcoin (BTC), the largest cryptocurrency, broke record after record in parallel with the developments. However, things turned around when Donald Trump took office. In both BTC and altcoins There is a serious decline.

Here is the latest situation in the cryptocurrency markets

We got the above chart from Coinmarketcap latest situation in the market It shows. As you can see from the table, all 10 crypto assets with the largest volume have lost value in the last 24 hours. 4.9 percent in BTC, Ethereum (ETH) 3.7 percentThere is a 4.26 percent loss in value in Ripple (XRP).

You thought the market would fly away when Donald Trump came? What happened that this situation is happening?

The reason for the decline in cryptocurrency markets is not clear, but there are some guesses. For example, Donald Trump spoke about the issue at the handover ceremony. made no statement. As such, expectations were not met. And what investors know well is “Expectations are bought, realities are sold” seems to be happening.

Of course, the new era for the USA is more the fact that it’s just begun It should not be forgotten either. During the process, Donald Trump and his team will make statements regarding cryptocurrencies. How will these statements affect the markets? we will see in time. In this process, it is better to be more careful than ever.

*This content cannot be considered as investment advice.