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On Tuesday, it turned out that a long-awaited press conference on Tuesday was David Sacks, which sent Bitcoin and Majors.
Ai and Crypto Czar Donald Trump have mostly focused on the legislation of Stablecoin, rarely mentioning Bitcoin and does not comment on any other crypto property at all.
Not surprisingly, Bitcoin price fell $ 102,000 on Tuesday at $ 97,300 on Tuesday. Despite the fact that Bitcoin usually saw two -digit aspects in February, smart money investors expect the price action in the coming weeks with the possibility of another fall to $ 91,200.
Press conference David Sacks and nothing burger, but that could still be good for cryptocurrencies
Donald Trump created a sovereign wealth fund on Monday, signing an executive order that dropped his Scott Main Minister Scott, the Secretary of the Howard Lutnick Secretary to create an investment hand of the United States.
Immediately after that, David Sacks scheduled a press conference for Tuesday, claiming that he outlined the vision of administration for digital property. This resulted in significant speculations that the bags could indicate SWF investment in Bitcoin, resulting in prices in prices at $ 102,000.
However, at his press conference, Sacks rejected all questions about the wealth fund, leaving any comments related to SWF Bessent and Lutnick. Significantly, the US Senate has not yet been approved by the Hward Lutnick Store Secretary.
This resulted in Bitcoin’s price dropped below $ 100,000 on Wednesday.
However, the Sacks press conference was extremely pro-Crypto. For example, Ripple CEO of Brad Garlinghouse pointed out that he is a chairman of the Senate banking, chairman House Financial Services, chairman of Senate AG, Chairman House AG chairman who joined Crypto Czaru incredibly Bullish for cryptocurrencies.
Every critique of today’s press conference is absolutely lacking in trees forests. Keeping the chairman of the Senate banking, the chairman of House Financial Services, the chairman of Senate AG, the president of the AG house, joins Crypto Czar to commit to the legislation for … https://t.co/wiznrfrpah
– Brad Garlinghouse (@bgaringhouse) 5th February 2025
David Sacks also revealed that Donald Trump is serious about creating a Bitcoin Strategic Reserve, which would be an amazing bull for BTC and a cryptocurrency market. Sacks currently explores the idea with other stakeholders.
Finally, Sacks revealed that the priority of the administration is to adopt pro-CCTO legislation that will provide regulatory clarity in terms of stabibel.
A prominent analyst James Van Straten reveals that the stablecoin supply will be highly inflated during Trump administration, which would result in increased BTC prices, given the strong connection between the two.
Well, that was obvious, the spread of digital dominance dollars through Stablecoins.1. Inflation stabilcoin supply. 2. What in turn is inflated $ Btc Price and absorbs liquidity without inflating real property. 3. American yields will fall. 4. The wider digital dollar … https://t.co/tgpjaw3nfo pic.twitter.com/bjj2EM9TQ3
– James van Straten (@btcjvs) 4 February 2025
When will Bitcoin stories bounce?
Mishadowed crypts analysts believe that bitcoin price will show the price of prices in the coming weeks.
BTC could again test the support level of $ 94,000 and $ 91,200, and the breakdown below could open a way for $ 85,000.
However, the largest currency crypto could be deducted in March, given the upcoming weakness in the US dollar.
Best cryptocurrency to buy now?
Bitcoin and Altcoini with large drops remain suffocated in uncertainty. Smart money investors turned to low-limit cryptocurrencies, since they show a little connection to BTC.
For example, whales are betting on a large Solaxy (Solx)First prominent Solana-2 coin. Behind strong whales and actual demand, Solx’s pre -sale surpassed a rating of $ 18 million.
Solaxy is a high usefulness project trying to deal with a big problem in the solana ecosystem. Despite Solana’s branding, Blockchain struggled with the network congestion problems during a large traffic period.
Blockchain noted that a significant percentage of its transactions fails during Trump’s meme coin.
However, Solaxy’s Layer-2 solution could be a gamer exchanger. It is designed to connect SOL transactions to the series, execute them outside the chain and publishes a state change on the mainnet.
Not surprisingly, experts are bull on Solx’s advanced potential, and many call it one of the best cryptocurrencies to be invested in now. Some of the early customers of SOLX are watching anywhere between 10x and 100x return from it.
A statement of renunciation of responsibility: This is a sponsored article and is only for informative purposes. It does not reflect the views of cryptocurrencies a day, nor is it intended to be used as legal, tax, investment or financial tips.
