How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency?
Although it did made a pullback from $11k+ to $9.5k days after Trumps statement, it did rise back to 5 digits again. And few days ago, it did another pullback to $9.6k before rising again to $10k+.
The point is this. It didnt matter anymore. It only creates exposure for people to become aware no matter if its bad. After all, early adopters like us would quickly educate them about the true and positive nature of Bitcoin, altcoins and so on.
I also heard that it might pull back to as much as lower as $8,800 due to the death crosses in the chart, but yet again, it doesnt matter. I would rather buy the dip because I know one day it will moon again sometime.