In a surprise move, US President Donald Trump signed an executive order slashing prescription drug prices by up to 80%. This decision aims to reduce the burden on American citizens, especially in light of the continuing rise in healthcare costs.
But the surprise was the impact of this decision on financial markets, particularly the cryptocurrency market, where Bitcoin and other digital currencies recorded a sharp decline of more than 30% within hours of the decision's issuance.
The reason? Analysts believe that this type of order reflects the US government's intention to directly intervene in the markets, which raises investor concerns and prompts them to quickly sell in anticipation of any economic developments that could affect liquidity and investments.
The situation remains volatile, and traders are advised to remain cautious and closely monitor official news and economic data.
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