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A "crypto supporter" has been added to the economic positions of the Trump administration...
① Trump nominated "Crypto supporter" Stephen Moore as chairman of the White House Council of Economic Advisors, indicating that his second term will be more willing to incorporate Cryptos into a broader economic vision. ② In the statement, Trump said that Moore would work with the economic team to achieve economic prosperity that benefits all Americans.
Shares of Crypto-related Stocks Are Trading Lower Possibly Amid a Drop in Bitcoin.
Express News | Bloomberg: Bitcoin has seen its first weekly decline since Trump's victory, and the Options market starts to hedge downward.
Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading; Down Nearly 3% for the Week
US stocks are moving unusually丨Cryptos are plunging, related Concept stocks are declining in pre-market, MicroStrategy is down over 5%.
On December 20, Gelonghui reported that Cryptos suffered a significant drop, and related stocks in Pre-Market Trading collectively fell. Among them, Bit Digital dropped over 9%, Canaan fell over 6%, MicroStrategy decreased over 5%, and TeraWulf and Coinbase declined over 4%. Cryptos experienced widespread losses, with Bitcoin falling to around 95,000 USD and Ethereum dropping below the 3,300 USD mark. Analyst Chris Weston from Pepperstone stated, "It is necessary to remain cautious about Bitcoin at this moment. This does not mean we will soon see a price crash, but it remains..."
Bitcoin has fallen below 0.1 million dollars, analysts suggest it may drop to 0.09 million dollars in the short term.
Due to the Federal Reserve's cautious stance on interest rate decreases, Bitcoin's price dropped below $0.1 million this Thursday, dragging down the performance of speculative Assets.