Joe Biden Administration in the US Prepares to Make a Move Concerning Bitcoin Before Leaving
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Rumors are circulating that the Biden administration plans to undermine Trump's Bitcoin initiatives before leaving office. This has sparked widespread fear, uncertainty, and doubt (FUD) in the Bitcoin market, with analysts noting the highest levels of FUD this year.

The resulting market correction has led to record-low sentiment for Bitcoin. Furthermore, reports suggest that the US government may sell its seized Bitcoin holdings from the Silk Road darknet platform. These holdings were expected to form the basis of Trump's proposed "National BTC Reserve," a key component of his plan to establish the US as a global crypto hub.

A potential sell-off could derail Trump's crypto-friendly policies and prevent him from fulfilling his promises. This could trigger a panic sale, causing market turmoil. While the market is likely to recover, the impact on alte…