#板块币种下跌，持有还是卖出？ #Crypto Downturn: Hold or Sell?

As of February 18, 2025, the trading price of Bitcoin is approximately $95,740, a decrease of 0.64% from the previous closing price.
Since Donald Trump's inauguration as President on January 20, 2025, Bitcoin has dropped 14% from its record high of $111,000. This decline is mainly attributed to disappointing crypto policies of the new government and unfavorable macroeconomic conditions. Despite promises during the campaign to establish a strategic reserve of Bitcoin, no significant actions have been taken, leaving investors disappointed. In addition, recent increases in inflation suggest that the Fed is unlikely to lower interest rates soon, making risk assets like Bitcoin less attractive.
However, potential catalysts for the rebound of Bitcoin include the proposed legislation in 18 states in the United States to establish state-level Bitcoin reserves, which could introduce approximately $23 billion into the market. Furthermore, more favorable U.S. crypto legislation and improved macroeconomic conditions, such as inflation trends towards the Federal Reserve's 2% target, may encourage the Fed to lower interest rates, enhancing Bitcoin's attractiveness relative to bonds.
Overall, despite the recent decline in Bitcoin due to policy and economic factors, the upcoming legislative developments and potential macroeconomic changes may have a positive impact on its trajectory.