Bitcoin price stood at $81,200 as this article was prepared, while the weakness in altcoins continues. Trump is maintaining aggressive posts on social media, while Canada is pursuing much more radical measures, including selling its held bonds. What would happen if Trump forces the world to sell their U.S. bonds? 10X Research analyzed the current state of the market and released their predictions.
Future of the Cryptocurrency Markets
With Trump’s aggressive stance, the narrative of sitting at the table with a strong hand is spiraling out of control. Although Trump initially adopted a conciliatory approach, he soon went off the rails. While he insists that we sit at the table with strength for all to see, it now feels like a runaway truck heading downhill. Interestingly, his aides are supporting him in this endeavor.
While claiming to make America great again, we find ourselves entering a peculiar phase where the U.S. faces sanctions. As Canada threatens to cut off energy supplies, the U.S. is imposing more taxes. As Canada seeks more options, selling its U.S. bonds is now on the table.
10X Research Analysis
Markus Thielen from 10X Research states he is not yet willing to buy the dip. Thielen, who warned investors before the recent decline, continues to express concerns that it is not yet time to buy. He draws attention to the collapse of DeFi, NFTs, and the Metaverse bubble following the 2021 bull market, noting that these bubbles have significantly impacted Ether and led to severe penalties for tokens associated with SOL.
“This structural decline indicates a weakening foundation. Bitcoin (BTC) 
$81,420 is steadily advancing toward $73,000… If history serves as a guide, the next significant upward movement will require a new narrative.”
So what will this narrative be? Will something spark a rise in cryptocurrencies and reignite interest? If Trump’s cryptoreserve is the missing link, pricing must begin promptly. If not, we may have to wait for something even bigger.