đš Bitcoin Market Update: Political Tensions Impacting Crypto? đš
The recent drop in Bitcoin could be linked to ongoing political issues surrounding Donald Trump. As a known supporter of Bitcoin and the broader crypto market, Trumpâs stance could significantly influence market sentiment. He has promised that if elected, he will support Bitcoin, encourage crypto adoption, and back Bitcoin mining in the U.S. đ
However, any political setbacks or challenges he faces, such as falling behind in the election race, could have a direct negative impact on the crypto market. Due to these uncertainties, we have decided to close our long positions to avoid unnecessary risks.
đ We will continue to monitor the situation and reassess our position as the market stabilizes. If conditions improve, we will consider re-entering.
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