Why Is The Crypto Market Down Today
TLDR
- President Trump made an announcement today that did not mention tariffs against China, despite market expectations
- The crypto market dropped nearly 3% to $3.6 trillion, with Bitcoin facing selling pressure after reaching $111,000 earlier
- Bitcoin miners deposited 51,000 BTC to exchanges over seven days, the highest level since July when BTC fell to $110,000
- A whale known as the “Trump Insider” deposited $222 million in Bitcoin to Coinbase, suggesting they sold their holdings
- Gold may be taking momentum away from Bitcoin as the precious metal continues reaching new highs daily
The crypto market fell almost 3% today despite President Donald Trump’s announcement containing no mention of tariffs against China….
