Bitcoin falls below $84,000… Trump DAS speech disappointment causes hesitation [Decenter Market Status]

Bitcoin (BTC), which had shown signs of rebound, retreated back to the $84,000 level. It is interpreted that the market's expectations were not met due to the content of the speech by former U.S. President Donald Trump, who appeared as a speaker at the Blockworks Digital Asset Summit (DAS) early this morning.

According to the global virtual asset market monitoring site CoinMarketCap, as of 8:10 am on the 21st, BTC was traded at $84,100.86, down 2.64% from the previous day. At the same time, Ethereum (ETH), the representative altcoin, also recorded a 3.51% drop to $1,977.09. XRP, which recently announced the end of the lawsuit with the U.S. Securities and Exchange Commission (SEC), also fell 4.8% to trade at $2.41 per unit.



Prices of major virtual assets have also declined at major domestic exchanges. At the same time, BTC on Bithumb recorded 124,173,000 won, down 2.13% from the previous day. ETH fell 1.02% to 2,921,000 won, and XRP fell 2.99% to 3,574 won.

The virtual asset market turned bearish immediately after former President Trump's speech at the DAS held in New York early this morning. It is analyzed that the market was disappointed as Trump repeated his existing position on virtual asset policy at the event, without making any major announcements that the market had expected. Previously, the industry had paid attention to the fact that Trump, as the sitting U.S. president, would participate as a speaker at a virtual asset conference for the first time, and had expected additional announcements on virtual asset policy.

Meanwhile, the Crypto Fear & Greed Index of the virtual asset data analysis firm Alternative.me rose 17 points from the previous day to 49 points, shifting to a 'neutral' state. This index means that investment sentiment is depressed when it is close to 0, and the market is overheated when it is close to 100.

Reporter Kim Jeong-woo

woo@sedaily.com