The crypto market, which made crypto -friendly statements during the election period and promised that the US would make crypto purchases within the scope of strategic reserves by participating in the Bitcoin Conference, the crypto market welcomed the crypto market enthusiastically. Bitcoin (BTC) and the crypto market, which reached its highest level on the day of Trump’s election, signed ambitious aspects. Moreover, the excitement in the market with the crypto -friendly names that Trump appointed to both the cabinet and regulatory institutions had gone from good to better.
However, things did not go as expected during the time period. Only a month ago, the highest level of all time, the BTC and the crypto market, which touched $ 109,000, entered a sudden fall trend. In the last month, the value of the BTC decreased by 15 percent, while the total value of the market on February 4, the total value of $ 3.4 trillion, has declined to 2.9 trillion dollars.
Moreover, BTC’s dominance in the crypto market continued in this period. BTC domination, which was closely followed by Altcoin investor, watched 60 percent in the period. In parallel, there is a significant decrease in the Altcoin Season Index, where the performance of 100 Altcoin has the highest market value compared to Bitcoin: the score has reached 39 last month, while the downward mobility in the market has declined to 16.
In other words, it is possible to say that Trump’s enemy is not read for the time being. Trump’s presidential decree, who ordered the establishment of a working group as a strategic reserve of the US crypto assets as a strategic reserve, was naturally excited to the market. However, the determination of July 2025 as the delivery date of the work group did not match the impatient characteristic of the market and in a sense disappointed.
Is Trump’s strategic reserve statement consist of speculation?
Hop Kalkan with Trump’s statements and Hop Kalkan was the scene of high volatility recently. Trump made a statement from the Truthsocial account, the strategic reserve XRP, Ada and Sol announced that it will be included in the heads created question marks in the heads. As a matter of fact, Trump did not include BTC and ETH in his first sharing, and then he said, “I love Bitcoin and Ethereum very much, they will be on the reserve”.
The crypto market, which was embracing Trump’s reserve statements at first, turned its direction down immediately after. Evaluating the strategic reserve issue, US -based Investment Bank TD Cowen said, “Trump’s strategic reserve move is coordinated and lack of financing details. It is unclear how to finance the reserve. The tokens selected to be the subject of discussion, ”the statement said,” We are extremely reaction to a social media sharing, “the opinion was defended. As a matter of fact, as the bank emphasizes, Trump’s statement is just a discourse.
‘Customs duties will increase inflation’ concern
In addition to the speculative statements of the US President, the customs duties brought to the agenda as soon as he came to the agenda, macroeconomic concerns have revealed. 25 percent of imports from Mexico and Canada, 20 percent of imports from China customs duty, especially stock markets, especially the global market was not welcomed by the global market. Although it is known that Trump likes to use customs duties as a political trump, the markets have inflationary concerns. After all, the retaliation of Trump’s taxes on taxes can carry inflation spiral to serious dimensions. Famous billionaire Warren Buffett, who spoke to the CBS on the subject, said, “Tariffs will create a tax burden on goods over time. Of course, it will not pay the money fairy! ” He made a statement.
A view similar to the legendary business person Buffet came from Goldman Sachs economists. In the market note sent by the Bank to its customers, it was suggested that customs duties may increase by 0.6 percent to US core inflation. As it will be recalled, the core inflation, where food and energy items were excluded, increased by 0.4 percent to 3.3 percent on an annual basis with an increase in January. The market expectation in core inflation was 3.1 percent.
Inflationist concerns miss the risk appetite
It is a matter of curiosity that the US Federal Bank (FED), which follows monetary tightening policy for four years and went to a policy change in September 2024, will go to interest rate reduction this year. Following inflation above expectations, Bank of America analysts announced that they do not expect interest rate reductions this year, while others are expecting more than one interest rate reduction. However, it is possible to say that the 2 percent inflation target that Jerome Powell often emphasizes on the FED President of the FED President of each head is that the bank’s monetary policy has a direct say in its monetary policy.
“Bitcoin’s recovery depends on Nasdaq”
As a result of the blood pressure created by customs duties, the S&P 500 index fell 1.76 percent on Tuesday (March 3rd). The value of Nvidia, the world’s second most valuable company, melted about 9 percent in one day, while the technology exchange Nasdaq, which is often discussed with the crypto market, lost 2.64 percent. Evaluating the relationship between US technology shares and the crypto market, Analyst Stefan Luebeck said, “We survived last weekend with Trump’s recovery: Considering the strong relationship between BTC and US technology shares, Bitcoin’s long -term recovery depends on the rise tendency of NASDAQ100,” he said. Reminding that Nvidia shares have been in the trend of a decline since September 2024, Analyst said that the fall environment directly affects the Bitcoin and crypto market.
In terms of market value, the world’s largest crypto currency Bitcoin fell by 11.4 percent in the last 24 hours, while Ethereum (ETH), which followed, lost 12.8 percent, XRP 14.3 percent, BNB 6.6 percent and Solana (left) 18.4 percent.
