Bitcoin's recent drop to the $93,700 range follows the U.S. government's seizure of 20,000 Silk Road confiscated coins, triggering investor fears of market destabilization.
The confiscation emphasizes the government's influential role in the crypto ecosystem, raising concerns about how political decisions can impact market stability and asset perception.
Despite remaining near all-time highs, Bitcoin's inability to surpass $100,000 reflects the psychological barriers investors face amid concerns over government actions and market sell-off.
Experts speculate on creating a strategic Bitcoin reserve under Trump's presidency, although traditional policies favoring the dollar and budget constraints render this unlikely.
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