GuShiio.com QCP Capital pointed out that the brief cryptocurrency rally triggered by Trump’s announcement on Truth Social on Sunday was quickly erased, and risky assets generally fell back, swallowing almost all of Sunday’s gains. XRP, SOL and ADA tokens were unexpectedly included in reserves, sparking divisions in the crypto community. Even the latest decision by the U.S. SEC to suspend and withdraw enforcement cases against crypto companies failed to stop the sell-off, reflecting the broader risk averse sentiment in the market. The yield on the 10-year U.S. Treasury note has fallen 50 basis points in the past two weeks, the VIX Volatility Index has exceeded 22, the BTC near-end volatility has risen sharply by 8 points since the weekend, and the market is skewed significantly towards put options.
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