[Analysis] "Bitcoin, Price Volatility ↑...Coincides with Timing of Trump's Key Statements"
Suehyeon Lee
Summary
- Bitcoin price volatility has increased following key statements by President Trump.
- This week, Bitcoin's daily average price fluctuation exceeded 12%, indicating increased market uncertainty.
- President Trump's statements coincide with the announcement that Bitcoin and other digital assets would become part of America's strategic reserves.
Bitcoin (BTC) price volatility has increased following key statements by US President Donald Trump.
On the 6th (local time), Julio Moreno, Head of Research at CryptoQuant, stated via X that "Bitcoin's daily average price fluctuation exceeded 12% this week. This indicates increased market uncertainty."
He further analyzed, "This coincides with the timing of President Trump's statements regarding strategic reserves of digital assets (cryptocurrencies) and trade tariffs."
Previously, on the 3rd, Trump had announced that he would make Bitcoin (BTC), Ethereum (ETH), as well as Solana (SOL), XRP (XRP), Cardano (ADA), and others part of America's strategic reserves.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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