After a strong price increase on Sunday thanks to positive signals from President Donald Trump regarding the national cryptocurrency reserve plan, Bitcoin and other major digital assets like Ethereum, Solana, and XRP began to cool off rapidly. Is this just a correction or is the market entering a deeper decline?

Bitcoin Falls Over 4,000 USD After Hitting Near 95,000 USD

Last weekend, Bitcoin had a strong bounce, nearly touching 95,000 USD after $TRUMP mentioned a U.S. crypto reserve plan. However, by Monday, BTC quickly lost over 4,000 USD, falling to 90,529 USD – although it still maintained a nearly 4% increase compared to 24 hours earlier.

📉 Bitcoin price movements in recent days:
✔️ Friday: Dropped below 79,000 USD – the market is concerned about financial policies.
✔️ Sunday: Nearly touched 95,000 USD – "Trump Pump" triggered excitement.
✔️ Monday: Decreased to 90,529 USD – the upward momentum gradually weakened.

Not just Bitcoin, Ethereum also dropped below 2,300 USD after exceeding 2,500 USD on Sunday. Other coins like Solana, XRP, and Cardano – assets Trump proposed to include in the national crypto reserve – also lost significant previous gains.

Market Sentiment Has Yet to Improve

Although "#TrumpPump " created a bullish wave, according to Mark Connors, founder of the investment consulting firm Bitcoin Risk Dimensions, this is just a short-term reaction.

📢 Connors' perspective:
✔️ Trump wants to improve market sentiment ahead of the upcoming Crypto Conference at the White House this Friday.
✔️ But macro factors have not changed, particularly concerns about tariffs and inflation.

Evidence is that on the same day, both the S&P 500 and Nasdaq slightly decreased, reflecting investors' cautious sentiment regarding Trump's trade policies. Meanwhile, gold prices increased by 1.66% to 2,895 USD, indicating that capital is seeking safe-haven assets.

Is This Just a Correction?

⚠️ Factors to watch:

  • Updates from the Crypto Conference at the White House on Friday – Did Trump really propose policies to support the market?

  • U.S. trade policy and interest rates – These factors will continue to influence investment flows into crypto.

  • Bitcoin's dynamics around the 90,000 USD mark – If it loses this crucial support, BTC could correct deeper.

Currently, the "Trump Pump" frenzy has cooled down, but will it reignite or is it just a dead cat bounce? Let's wait and see how the market reacts in the coming days! 🚀 #anhbacong