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BTCC / BTCC Square / Global Cryptocurrency /
Crypto Market Plummets Despite US Crypto Reserve Announcement

Crypto Market Plummets Despite US Crypto Reserve Announcement

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-03-04 11:53:01
0
Crypto markets have experienced a swift and dramatic reversal, shedding hundreds of billions of dollars in just one day. The initial rally, spurred by the surprise announcement of a new US Crypto Reserve by former President Donald Trump, saw total crypto market capitalization soar from approximately $2.7 trillion to $3.1 trillion. However, those gains have not just evaporated; the market now stands at around $2.6 trillion, even lower than before the announcement. The real driver behind this market movement is the GLOBAL shift towards risk-averse trading, according to analysis by The Kobeissi Letter.
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