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BlockBeats news, on August 3rd, QCP Capital stated through its official channels that the market this week experienced a dramatic reversal of the Favourable Information pump brought to the Cryptocurrency market by Trump. Following Trump's speech, the price of BTC dropped from a high of $70,000 to nearly $60,000 this morning. The reasons for the drop include dumping pressure from the US government (approximately 28,000 BTC), Mt. Gox (33,960 BTC), and Genesis (BTC and ETH worth $1.5 billion); BTC's Mining Difficulty reached a historic high, along with increased expectations of a decline. According to market data, it is expected that the price fluctuation will stabilize in the summer based on Options.