Crypto markets recent decline may be due to Trumps admission of short-term economic pain

CoinRank News: The cryptocurrency market has wiped out all the gains after Trump announced the US strategic crypto reserve. There are several factors that have caused the recent decline in cryptocurrency prices, including: Trumps admission that his policies will bring short-term pain to the economy, and the continued outflow of funds from crypto investment products, which has caused investors to avoid risks. It is reported that Trump admitted that the market may suffer short-term pain due to his policies, including trade tariffs on Canada, Mexico and China, and budget cuts. (Cointelegraph)