- Since taking office, President Donald Trump The implementation of these policies has aligned with a substantial downturn in the cryptocurrency market, leading to a loss exceeding $1.3 trillion in value.
- Bitcoin The price has dropped from its peak of 109,000 in January down below 75,000, a figure not witnessed since around the time of Trump’s electoral victory.
- During his campaign, Trump expressed support for cryptocurrencies through various statements and pledges, including promises about adopting crypto-friendly policies. bitcoin The treasury and lack of regulatory oversight fueled a price surge that has subsequently fallen back.
- Market upheaval following Trump's "Freedom Day" trade tariffs And his contentious forays into meme coins have done even more to diminish investors' trust.
- Even though there’s been a decline, certain analysts still assert that bitcoin 's restricted availability and possibility as a enduring repository of wealth continue to be pertinent, inviting parallels with gold .
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