On February 26, according to TheCryptobasic, the price of bitcoin fell to around US$86000 on Tuesday, the lowest level since November last year and fell more than 20% from the historical high in January. As market risk aversion heats up, the surge in cryptocurrencies previously expected due to Trump's appointment failed to materialize. Data from JPMorgan showed that cryptocurrency ETFs had outflows of $544 million last week, indicating that market pessimism is spreading. Geoff Kendrick, head of digital asset research at Standard Chartered Bank, warned: "Bitcoin may see more downward trends and a further correction of 10%. Don't rush to bottom. Although Bitcoin has remained above $90000 supported by optimism in the Trump administration's support for cryptocurrencies, the appeal of cryptocurrencies has been eroded as the president's promises have failed to materialize and macroeconomic uncertainty has increased."