Although he made it clear that he would strengthen the dollar's hegemony through table coins, the price of Bitcoin fell. At 1:23 p.m. on the 21st, the domestic Bitcoin price on BitTorrent was 1.2 times the price of the previous day.
At the same time, the overseas Bitcoin price on CoinMarketCap was down 1.37% from the same time the previous day.
Bitcoin rose to $87,301 the previous day on expectations that the Federal Reserve would cut its benchmark interest rate this year.
After giving up the gains that day, it is now trading at the $84,000 level. The rally has not been helped by President Trump's comments about making the United States the Bitcoin capital and dominating the cryptocurrency.
According to foreign media, President Trump said in a video speech at a virtual assets conference held in New York on the morning of the same day, "I want to make the United States the capital of cryptocurrencies and cryptocurrencies.
"We will dominate the next generation of financial technology," he said. This was also a pledge made by President Trump before the presidential election last year. President Trump said, "The United States will include Bitcoin in its strategic reserve assets.
"The government will not sell its bitcoin holdings," he said, adding that "unreasonable regulations on virtual assets will also be lifted."
There were also comments about stablecoins, which reduce price volatility by pegging their value to fiat currencies.
President Kampf said, "Dollar-based stablecoins will help strengthen the dollar's dominance," and urged Congress to pass a bill related to stablecoins.
Regulation would allow institutions to invest in and participate in some of the most exciting technologies in history."
2025/03/21 13:50 KST
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