According to analysts
#Kobeissi Letter, the panic and mass sell-off of crypto assets has become an instinctive market reaction to the possible start of a trade war by U.S. President Donald
#Tramp .
š¢ "You might think that trade wars would benefit cryptocurrency and the decentralized financial system. In fact, from 2015 to 2023,
#BTC and
#Š·Š¾Š»Š¾ŃŠ¾ were considered equivalent in significance as assets for hedging investment uncertainty risk. Now we see that Bitcoin and gold are moving in opposite directions," stated
#KobeissiLetter .