The market is under pressure today, with Bitcoin and Ethereum both sliding as risk sentiment deteriorates, exacerbated by the fading euphoria surrounding Trump’s influence on crypto prices. The establishment of a government task force to monitor illegal activities in the crypto space highlights increased regulatory scrutiny, which is weighing heavily on investor confidence. Penny stocks are retracing after an initial gap-up, signaling a lack of sustained momentum in that sector. Overall, with significant sell-offs in major cryptocurrencies and lukewarm news from traditional markets, traders should brace themselves for further volatility as sentiment shifts decidedly bearish.