Trump Administration Accused of Causing Market Decline

Yesterday, Bitcoin surged to $83,000 but quickly retraced its steps, dropping back below $80,000.

This fluctuation had a ripple effect on the broader cryptocurrency market, where most altcoins experienced notable declines in the past 24 hours.

This ongoing downward trend is not isolated to the crypto space. U.S. stock markets are also experiencing losses, which some analysts attribute to a pullback in equities.

According to Anthony Pompliano, CEO of Professional Capital Management, the current market downturn could be a result of actions taken by the Trump administration.

Pompliano suggested that former President Trump and Treasury Secretary Scott Bessent may have intentionally triggered the stock market decline, aiming to pressure the Federal Reserve into reducing interest rates.

Pompliano went on to argue that this strategy could help avoid a looming $7 trillion in debt by creating favorable conditions for the bond market, citing Trump’s previous comments about high interest rates stifling economic growth. While these claims remain unproven, the U.S. markets continue to struggle, with cryptocurrencies facing even sharper losses.