$BTC
Today, Bitcoin dropped more than 5% unexpectedly, and the main reason for this decline is Trump's statements about his plan to create a digital reserve, which initially made people optimistic but then the market collapsed as usual. Every time Trump talks about crypto, prices get mixed up, and violent fluctuations occur, which is what happened today.
Additionally, major investors started pulling their money from Bitcoin exchange-traded funds (ETFs), which increased selling pressure in the market and caused the price to drop even more. In less than a week, more than $2 billion was withdrawn, and today alone, $1 billion was taken out, which directly impacted the price of Bitcoin and caused it to break strong support levels.
This movement left ordinary investors in a state of tension, especially since the market is unstable and politics has started to significantly control prices. It is clear that Trump and his lobby are using crypto as a tool to achieve their interests, and the market has become like a playground for the big players. If the situation remains this way, we might see larger collapses in the coming period, which confirms that investors need to be very cautious and follow political news before making any decisions👇🏻
