Is Donald Trump to blame for Bitcoi's fall?

Bitcoin has been recovered after it fell to 60,000 dollars, but it remains a question whether <x0 Effect Trump” is one of the main causes of the cryptocle crisis.

The start of business in Europe brought a slight optimism Bitcoin was trading over $66,400 this morning. However, the reasons that led to the decline still exist.

Among them are excessive use of levers in the cryptovalout market, investors' large exposure to shares in technology, strong conglomerates with dangerous assets, and growing doubts about Bitco's history as a safe haven, writes Yahoo Finance.

Data shows that Bitcoin's price has often moved in the same direction as the high prices of technology, especially those related to artificial intelligence, in recent years. Kathleen Brooks of XTB Broadcasting explains that Bitcoin and US stock index Nasdaq have a moderate conglomeration, but the link to shares in the IA sector is even more pronounced.

The reason for this, Brooks says, lies with the liquidity ] money investors can quickly move between different forms of risk assets. When Bitcoin's price increases, part of this optimism spreads to shares in technology. But when Bitcoin begins to fall, the same mechanism functions in the opposite direction, further exercising pressure on stock prices.

Is Trump guilty of cryptovalout problems?

Speaking of the so-called Trump factor, Brooks believes that the Trump family business interests in the Kryptonic world may be problematic, but they are not the main reason investors are attracted to cryptovaluts.

In its opinion, the biggest problem is the broader political and geopolitical context.

Trump's statements and actions from threats to allies to pressures on the independence of the US central bank create uncertainty. Since cryptovalutes still have limited applications in the real world, they become even less attractive to investors in such an environment. /Kankosova