The White House released a statement tonight — Trump is about to sign a series of bills and executive orders, but not a single word about the specifics.

This kind of tactic isn’t new. Last year, before the Federal Reserve raised interest rates, they did the same — just said "will take action," and the market panicked in advance. Now it’s happening again, the only difference is a different protagonist.

The problem is, Trump’s attitude towards cryptocurrencies has never been stable. In 2024, he mentioned creating a "cryptocurrency compliance framework," and on the same day, Bitcoin dropped 3%. That was a classic "news vacuum period sell-off" — no one knew what the policy details looked like, but everyone chose to sell first and ask questions later.

This situation is even more uncomfortable now.

Think about it, the crypto market has had little trading volume lately, everyone’s just watching. Suddenly, a vague news like this appears, and buyers are even more hesitant to act. It’s like holding a scam coin, and the project team suddenly says "major update tomorrow" — do you buy more or sell? Most likely, you hold tight and wait for the shoe to drop.

This kind of "emotional bomb" is more tormenting than clear negative news. Because you don’t know whether this executive order will touch on cryptocurrencies at all, or if it does, what direction it will take. Tighter regulation? Tax policies? Or something else?

Uncertainty itself is the biggest risk. The market’s biggest fear has never been bad news, but not knowing whether the news is good or bad.

Tonight, let’s see if Trump’s documents contain anything related to crypto. Until then, the market probably remains stuck in this deadlock.