Recently, the Group Corporation released its 2020 interim report. During the reporting period, the company realized revenue of 15.493 billion yuan, an increase of 11.48% year-on-year; realized net income attributable to shareholders of the parent company of 2.454 billion yuan, an increase of 9.20% year-on-year; realized non-recurring net income attributable to shareholders of the parent company of 1.849 billion yuan, an increase of 62.84% year-on-year; realized net operating cash flow of 2.29 billion yuan, an increase of 607.65% year-on-year. $Bitcoin (BTC.CC)$ It has set the longest consecutive decline since Donald Trump won the election in the usa, before bitcoin was once close to 0.1 million usd, while people's enthusiasm for the president-elect embracing cryptos is now cooling.

As of the time of writing, the price of bitcoin is 94607.75 usd. As of Monday, bitcoin has fallen about 6% for three consecutive days, and the broader crypto market, which has increased by 1 trillion usd since election day on November 5, also appears to be stagnant.

"Crypto is Macro now" author Noelle Acheson wrote that the difficult breakthrough of $0.1 million "may lead traders to believe that the peak has arrived and now is the time to lock in profits." However, she added that any such episode should be "temporary."

On Tuesday, Trump announced plans to impose additional tariffs on Chinese imports, and 25% tariffs on products from Mexico and Canada, disrupting global markets and causing a round of risk aversion. US equity index futures fell, the USD strengthened, showing investors' caution.

Adrian Przelozny, CEO of the cryptocurrency exchange Independent Reserve, said: "People have been looking for an excuse to profit." "We are still very confident that the current call market sentiment will continue until 2025."

Trump's Commitment

Trump has promised to make the usa a global crypto haven by promoting supportive regulations and a national reserve of bitcoin. The speed at which he can make these changes, and whether they are all feasible, are still open questions.

TD Cowen analyst Jaret Seiberg stated in a research report that after the inauguration on January 20, the President-elect will "immediately gain control of the Securities and Exchange Commission," adding that this would be a "positive sign for relaxing crypto enforcement and promoting compliance."

Trump was once skeptical of cryptos, but became a supporter after digital asset companies spent significant funds during his campaign to promote their interests. In recent days, there have been increasing signs indicating a growing acceptance of cryptos in the usa.

Therefore, after the election, over $7 billion flowed into usa spot bitcoin exchange traded funds, which now hold a total of $105 billion in assets.

IG Australia Pty market analyst Tony Sycamore stated that the recent dip in bitcoin is "a much-needed pullback to clear the overbought data, rather than reversing the downtrend or anything negative." He added: "This also serves as a reminder that markets, even crypto markets, do not move in a straight line indefinitely."

Editor/rice