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Ahmed Barakat
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The price of Bitcoin suffered a sharp $2,000 rejection immediately after Donald Lipenga gave his word clearly pro-crypto until today, he vowed that “he will not let crypto down”, and the BTC price drop following said everything about where the market is now.
Instead of starting a sustained rally, the statement acted as a dividing line, producing a gap that broke out near the $70,000 resistance level and left BTC down sharply after a few hours.
Traders on Crypto Twitter are calling it the “Reverse Midas Touch”, a process where Trump’s aggressive announcements trigger sales instead of regular sales. This method is best understood as a selling-power stories where political capital acts as a cash flow for those in power rather than a catalyst for new interests.
Trump: “We Will Not Let Crypto Down”
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Trump’s statement, delivered in late May 2026 as part of a push to seize crypto votes before the election, established his presidency as the protector of America’s digital economy.
The statement is directly related to the legislation of the White House that encourages the Congress to pass a bill related to the crypto market, which would change the US supervision of transactions, stablecoins, and public administration.
The creation was the most aggressive strategy Trump has put forth since he stopped calling Bitcoin a “fraud” in 2021.
His team has also accepted crypto campaign donations and launched NFT collections under Trump’s banner, but the “don’t let crypto down” line was very different – a direct, non-binding promise. This made the immediate response to the market clear.
Why Did Bitcoin Price Drop $2,000 on Bullish News?
Bitcoin was trading near the $70,000 resistance zone when the statement arrived. The resistance was immediate, BTC chased around $2,000, leaving the stock below the same level within the same session.
The explosion was triggered by Iran’s retaliation and rising market prices instead of a peace deal.
The thermal map showed a large group of long land that was removed at a price of $ 70,000, which corresponds to the sale of companies or the sale of wild animals in the commercial interest created by this topic.
ETF data added to the picture. A $1.289 billion of IBIT movement executed through the dark, the largest exchange transaction of its kind on record, had already shown that the main owners were re-establishing more positions. That is not a habit of accumulation.
It is a distribution dressed in a bullish news story.
The model has an example. On May 18, 2026, Bitcoin fell about 2.4% to $76,500 after Trump issued a sharp political warning to Iran, while Ethereum fell 3.5% to $2,116 in the same move. Topics close to Trump have now started to drop in crypto several times – the inward bias is impossible to ignore.
Learn: The Best Trading Signals – Look For Early-Party Opportunities Before The Next BTC Leg
