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Institutional analysis: Bitcoin may expand its decline and only Trump policy intervention can save it

Internet reports that Hargreaves Lansdown analyst Susannah Streeter pointed out in a report that Bitcoin may expand its decline as risk sentiment is depressed due to concerns about a global trade war. Only the support of the Trump administration is likely to prevent Bitcoin from falling further. Although Trump signed an executive order in his first week in office promising to relax regulation of cryptocurrencies, it did not impress investors. Streeter said: "The extent of this week's collapse in cryptocurrencies is a 'stark reminder' not to speculate on this high-risk asset class with money they cannot afford to lose."

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