On August 3rd, QCP Capital posted on the official channel that the market rudely reversed the positive rise brought by Trump to the cryptocurrency market this week, and the price of BTC fell from the high of 70,000 after the speech to nearly 60,000 this morning. The reasons for the decline include selling pressure from the US government (about 28,000 BTC), Mt. Gox (33,960 BTC) and Genesis (BTC and ETH worth $1.50 billion); the difficulty of bitcoin mining has been raised to a record high, and people's expectations of recession have increased. According to the options market data, price volatility is expected to stabilize in the summer.