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An acute crypto crash threatens the market. US President Trump wants to make an important announcement today at 10:30 p.m. Swiss time. CoinPro explains why this is likely to have a major impact on Bitcoin and Co. – and most likely a negative one.
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Acute Crypto Crash Looming? Trump Plans Important Statement
Is an acute crypto crash looming? A statement made by the White House to members of the press suggests that a statement is imminent that could have a significant impact on the financial markets – not least the crypto market.
“Wednesday, 4:30 p.m.: The President will make a statement”, the statement, which reached various media representatives, said.
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The time of the announcement is given as 4.30 p.m. (EDT) – in Switzerland the clock will then already be 10.30 p.m.
Jon-Christopher Bua reported on X about this news. His colleague Reena Bhardwaj also confirmed the message. The Oval Office – the office of the US President – signed the message.
Concrete information on what topic US President Donald Trump would like to discuss in his speech is not yet known. They are not apparent from the Oval Office’s statement.
Claims have already spread in the crypto community that Trump is planning a statement on cryptocurrencies. Admittedly, this assumption does not seem so far-fetched, as the US government is currently focusing heavily on crypto.
Just a few days ago, the US authorities published the Crypto Policy Report. It contains new guidelines that hold immense explosive potential for the crypto market. A short time later, the notorious US supervisory authority SEC followed suit and announced Project Crypto.
Experts Explain: this is What Trump is Likely to be Talking About
Because the Oval Office did not give any more precise indication, the crypto market must currently be content with speculation. It is already considered very likely that Trump’s announcement will actually have an impact on the crypto market.
That cryptocurrencies are the focus of the press release is less likely. Experts expect statements from the US President relating to a trade war between the United States and India.
Trump has been complaining about the close economic relationship that India has maintained with Russia since the end of July. The US President threatened the country again yesterday with increasing import duties.
Currently, 25 percent duties are due on Indian US imports – duties that the US President only introduced on July 31. Yesterday, Trump declared that he wanted to “increase this value very significantly”.
Interventions against India are unlikely to take up the entire speech. Trump’s actions against India are only part of his sanctions against Russia. The Russian Federation itself is also likely to become the target of US policy again.
Experts also suspect the enactment of new sanctions against Russia. The largest country on earth is still at war with Ukraine. Trump recently expressed disappointment that Ukraine and Russia have not negotiated a lasting peace or a ceasefire. He criticised Russian President Vladimir Putin and ex-President Dimitri Medvedev.
The announcement of higher tariffs and further sanctions usually has a negative impact on the financial markets, which at this point always fear a change in the status quo. The crypto market, which is considered high-risk, is particularly vulnerable to high volatility.
Did you know? Trump wants to appoint a new FED chief soon. This measure is also likely to have a significant impact on prices.
