Crypto market's recent decline may be due to Trump's admission of short-term economic pain
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Odaily reports that the cryptocurrency market has erased all the gains made after Trump announced the US crypto strategic reserve, and there are several factors that have led to the recent decline in cryptocurrency prices, including: Trump acknowledging that his policies will cause short-term pain to the economy, and the continued outflow of funds from crypto investment products leading to investor risk aversion. It is reported that Trump has acknowledged that the market may suffer short-term pain due to his policies, including tariffs on Canada, Mexico and China, as well as budget cut plans. (Cointelegraph)
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