The cryptocurrency market is experiencing significant selling pressure following the highly anticipated White House crypto summit. Bitcoin, the largest cryptocurrency, fell below $80,000, reaching a level not seen since before the US elections. The market volatility comes after President Donald Trump's executive order to create a strategic bitcoin reserve and digital asset stockpile. Skepticism arose among investors as details of the initiative emerged, with concerns about the plan's implementation keeping investors cautious. Despite the short-term turbulence, experts believe that an improving regulatory environment and deeper integration with traditional finance could strengthen the cryptocurrency sector in the long run.



Other News from Today