Market Volatility in Crypto: Trump's Tax Policy and Its Impact on BTC & ETH

📅 Start Date:

From February 2, when former President Donald Trump began unveiling new tax policy proposals, the cryptocurrency market has shown significant volatility.

📉 Overall Situation:

The tax policies are believed to have created a wave of panic in the investment community, causing investors to withdraw and liquidate assets. This has led to a decline in the prices of many digital currencies, prominently Bitcoin (BTC) and Ethereum (ETH).

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1. General Impact on the Market

• Sell-off Pressure:

🔻 Many investors feel concerned about the potential implementation of high tax rates, resulting in a wave of sell-offs across the market.

• Instability:

⚠️ The lack of clear direction in tax policy has made the market unstable, affecting not only current values but also impacting long-term investment sentiment.

• Financial Market Reaction:

💥 Sudden price fluctuations have highlighted the close relationship between economic policy and the cryptocurrency market.

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2. Statistical Data on BTC & ETH

• Bitcoin (BTC)

• Before: approximately 30-35K USD

• After: approximately 25-30K USD (decrease ~14-18%)

• Ethereum (ETH)

• Before: approximately 2-2.5K USD

• After: approximately 1.6-2K USD (decrease ~15-20%)

3. Lessons Learned

• 🔍Observe economic policies.

• 📂Diversify investment portfolios.

• Strong investment mindset:

🧠 In the context of significant market fluctuations, maintaining a strong mindset and having a long-term investment strategy will help investors navigate difficult times.

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