Unity Wallet Coo: Three factors affect the crypto market prices

• The Bitbit hack has increased the fears of central security gaps for exchange security
• The trade tariffs of US President Donald Trump increase market uncertainty
• Trump's crypto promise may have started greatly, but they could prove themselves catastrophic as catastrophic

Three things contribute to the decline in crypto prices, in which Bitcoin, according to Unity Wallets Coo, has decreased by 78,000 US dollars.

BTC price at 78,000 USD. Source: coinmarketcap

It is a significant decline in Bitcoin's All-Time High, which achieved $ 109,000 in January before US President Donald Trump was inaugurated.

According to James Toledano, it feels like optimism in the crypto market after the election to create a bubble, and that "reality is now using reality and hard," he said to Coinjournal.

In the opinion of Toledano, the Bybit hack on the Krypto exchange last Friday, the Ethereum worth almost 1.5 billion US dollars worth almost 1.5 billion US dollars, was one of the contributors that influence crypto prices.

undermining the trust of the investors, has led to panic elevations and a market -wide sale across the board. While Ben Zhou, CEO of BYBIT, quickly reacted to the hack, the situation "fears about the security gaps for centralized exchange security increases what only the case for self-improved services solidified," continued Toledano.

DOM HARZ, co-founder of Bob ("Build on Bitcoin"), a hybrid layer-2, said that he was a "strong memory of the basic problems of the industry" and adds:

"We were hypnotized by price spikes, Memecoin and media roast and forgot that crypto should be a new financial system -one that is based on decentralized protocols that make finances accessible to everyone. Bybit has only reminded us of a memory of 1.5 billion US dollars that we are not near this reality."

Trump's tariffs

The continued market sale follows the announcement of Trump's trade tariffs at the beginning of this week.

During his election campaign, the US President made promises related to crypto and explained that America will be the "crypto capital of the planet".

Since he entered the White House, he has appointed Pro-Crypto people to the redesign of the governmental authorities, namely Paul Akins as an occurring chair of the US Securities and Exchange Commission (sec).

Mark Uyeda is currently the reigning chairman of Sec.

Trump also signed an executive order to establish a crypto working group to ensure regulatory clarity. It is also expected that the working group will examine the potential of a national crypto supply.

Despite these steps, Trump's trade wars, which the EU, the world's largest merchant block with a tariff of 25%, could soon increase.

According to Toledano, "Trump's tariffs in the global economy harms" and so many feel disappointed in the crypto room from the US President.

"The promise was great and the reality may turn out to be catastrophic," he added. "I wonder if Trump understands that financial vertical coexistence are connected and increasingly converge."

greatest economic risk

The third factor that affects market prices that are entitled to Toledano are questions about the general government of the USA.

An article by chatham House suggests that the greatest economic risk of Trump's presidency is a loss of trust in the US government. It is that Trump's politics may seem mild at short notice, step that the USA and its international allies could have permanent effects.

"I am rarely frightened by the peaks and deeper, the crypto is presented, but when I combine what happens to the traditional volatility of the shares, there is currently cause for concern," said Toledano.