Bitcoin’s price dropped by up to 6% after David Sacks’ highly anticipated press conference on Feb. 4, 2025. The event focused on U.S. President Donald Trump’s administration’s approach to digital assets, with traders anticipating strong bullish catalysts.
The cryptocurrency failed to hold key support levels. Before the conference, BTC/USD struggled to stay above $105,000, repeatedly facing resistance. Once it dropped below the 50-day and 200-day Exponential Moving Averages (EMAs), currently at $100,614 and $100,347,
Financial Market Newsflash
Tuesday, April 22, 2025
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