Bitcoin experienced a surge before the Trump summit, reaching an all-time high of $100,000, driven by optimism about Trump's pro-crypto stance and expected regulatory support. However, after the summit, BTC entered a bearish phase, dropping to a four-month low of $76,867. Investors were disappointed by the lack of concrete commitments on government Bitcoin adoption, leading to sell-offs. Global economic uncertainties, including trade tensions and recession fears, further pressured the market. Additionally, Bitcoin’s increasing correlation with traditional financial markets made it more susceptible to macroeconomic downturns. The post-summit decline highlights the crypto market’s dependence on political events and investor sentiment. Without clear policy support and economic stability, Bitcoin remains volatile, facing bearish pressure in the short term.
However, I am expecting that there would be a bullish trend following the two-weeks long bearish trend. The BTC would recover soon.
