According to Richard Teng, during the DC Digital Chamber Summit, President Trump and his administration have shown strong support for the cryptocurrency industry, which is perceived as a positive indicator for future market developments. This support could potentially lead to regulatory clarity and increased institutional adoption, influencing trading strategies and market sentiment. Source: Richard Teng.

According to Michaël van de Poppe, Bitcoin has experienced a significant 25% decline, with the Crypto Fear & Greed Index dropping to 10, comparable to levels seen during the Luna collapse. Despite this, the U.S. government remains supportive of cryptocurrency, suggesting potential stabilization. Traders should monitor the index for signs of reversal as it may indicate a nearing bottom, although this is speculative and not yet substantiated by market movements.