QCP： The heat of Trump's encrypted reserve plan fades, and the prospect of tariff confrontation raises market concerns

According to BlockBeats, on March 4th, QCP Capital released its latest analysis stating that the unexpected inclusion of XRP, SOL, and ADA tokens in the reserve plan has caused divisions in the cryptocurrency community, and the market has shifted from initial optimism to deeper scrutiny. At present, doubts mainly focus on the possible contradiction between the plan and DOGE's cost reduction measures, as well as the lack of transparency in the source of reserve funds. The decline in the cryptocurrency market may exacerbate the pressure faced by Trump, especially after receiving strong support and donations from the cryptocurrency community during his campaign. Even if the US Securities and Exchange Commission (SEC) suspends and revokes enforcement cases against cryptocurrency companies, it has failed to prevent market sell-off, highlighting the broader risk aversion sentiment in the market. After a month of low cross asset volatility, market anxiety has resurfaced due to the prospect of tariff confrontation potentially suppressing global growth. Bitcoin's short-term volatility has sharply increased by 8 points since the weekend, and the market has significantly turned bearish.