Crypto and Stock Markets Are Trending Bearishly

The asset market has recently been in a significant bear trend, fueled by global geopolitical concern, economic instability, and shaky consumer confidence.

While I could provide several causes for recent market weakness, I'm not only speaking to deliberate news manipulation. We are undoubtedly in a turbulent, delicate, and difficult era.

Despite these challenging conditions, recent sell-offs look to be exceeding forecasts, implying a brief squeeze comeback. This short-term price activity is consistent with bear market trends and is to be expected.Crypto assets may follow a similar path since they are still considered risky assets, as opposed to hedging assets such as gold and silver.

The Trump administration hinted at possible support for the crypto industry before to the election, but actual applications for embracing cryptocurrency as a significant asset to replace or supplement traditional ones are still absent. Trump and his administration's grasp of cryptocurrency remains inadequate.

With this limited understanding, Binance and China look to be managing the whole crypto market to their advantage. China does not require an official strategy for Bitcoin and cryptocurrency; with Binance seemingly under their control, it is the simplest way to manipulate the entire market. At this pace, the United States risks losing its lead in cryptocurrency to China.