Analyst: The depressed market sentiment suppresses Bitcoin's rebound, and the absence of policy support exacerbates tension
In a report, Hargreaves Lansdown analyst Susannah Streeter stated that speculators betting on a significant rebound in Bitcoin are disappointed due to the ongoing negative sentiment impacting the cryptocurrency market. Threats of tariffs by Trump have driven investors away from risky assets. Cyberattacks on cryptocurrency exchanges have also caused investor sentiment to fluctuate. Although Bitcoin has slightly recovered, given its rapid depreciation, there is still much room for it to rise. "If Trump does not take any firm action to show his support for the cryptocurrency industry, it seems that the tense atmosphere will continue," she said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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