Bitcoin is maintained around 84,000 dollars after an eventful and disappointing session for investors, marked by President Trump's statements to Digital Asset Summit who did not meet high expectations of the market.
The impact of Trump's statements on the Bitcoin course
On March 19, Bitcoin experienced strong volatility. Its course first reached an intra -day summit of 87,453 dollars from the first hours of the market session.
However, this increase was short -lived, since the price quickly fell to $ 83,655 after President Trump's video intervention, which occurred yesterday, March 20, during the Digital Asset Summit.
Before his intervention, social networks, particularly X (formerly Twitter), rushed promising rumors. Some mentioned a possible announcement of tax exemption from capital gains for certain cryptocurrencies, others spoke of a favorable declaration concerning a American Bitcoin strategic reserve. These speculations contributed to the momentary euphoria of the market.
However, reality has proven less spectacular than expected. Trump was content to repeat his promise not to sell the government confiscated by the government and called on the congress to legislate quickly on the stablecoins.
His most positive statement remains his assertive ambition: ” Together, we will make America the undisputed superpower of Bitcoin and the world capital of the crypto. »»
Market prospects and experts' recommendations
The Crypto markets reacted according to a classic scheme of “buying the rumor, selling the news”. Many traders had anticipated a announcement Major by presidential decree in favor of Bitcoin, and when it has become obvious that this would not be the case, a wave of sales has started.
According to Aksel Kibar, founder of Tech Charts LLC, Bitcoin could still experience a correction up to $ 73,700. In a shared analysis on X, he specifies:
“” The long -term graph of the BTC/USD course shows that a decline in the $ 73,700 mark still seems possible. The continuation of the events will determine the evolution of the course in the coming months. »»
This vigor of the bitcoin observed before the highly anticipated Digital Asset Summit (DAS) is not only explained by the anticipation of Trump's declarations. As of March 19, the crypto and the market as a whole had already started to react positively to the publication of the report of the FOMC (Federal Open Market Committee) and to the announcements of Jerome Powell, president of the Federal Reserve.
Indeed, when the FOMC report was published, Powell confirmed that the quantitative tightening of the Fed would slow down and that two interest rate drops remained possible in 2025.
Arthur Hayes, co -founder of Bitmex, praised this announcement as a sign that quantitative tightening would essentially end on April 1. However, he tempers this optimism by warning investors:
“” Did the BTC reach its lowest level at $ 77,000? Possible, but speculators probably still have trouble converting Jay [Powell] At the Trump team, so stay agile and have the necessary liquidity. »»
A promising but uncertain future
As analysts report, the majority of recent Bitcoin price variations have been fueled by activity on the term markets. However, an encouraging sign appears with the re -emergence of the Bitcoin premium on Coinbase, suggesting a possible return of demand to the cash.
This premium, which indicates a higher bitcoin price on Coinbase than on other exchange platforms, is generally interpreted as a positive signal of institutional interest and American retail for the queen of cryptos, which could support its upward trajectory in the medium term.
In short, Bitcoin is currently sailing in agitated waters between political optimism and economic realities. If Trump's commitment to the Crypto sector and the Fed monetary relaxation constitute favorable winds, experts nevertheless recommend keeping a measured approach to potential market turbulences in the coming weeks.
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