In the prelude to Trump’s assumption, Bitcoin reached a historical record of US $ S109,000, but then that rally could not be sustained over time.
Donald Trumpknown in some circles as “the president of the crypto”, has completed his first 100 days since he swore again as president of the United States on January 20. Among the first measures of his new mandate, he fulfilled one of his campaign promises: the creation of a strategic Bitcoin reserve. However, This action failed to reverse the bassist tendency of the most important cryptocurrency in the market.
In the prelude to Trump’s assumption, Bitcoin reached a historical record of US $ S109,000, promoted by investor enthusiasm before a new government considered friendly with digital assets. Complying with what was promised during the campaign, Trump signed an executive order to establish a Federal Bitcoin reserve, fueled with cryptoactive funds seized in judicial causes. This measure was well received by the market at first.
However, the initial euphoria failed to sustain. In its first 100 days of management, the price of Bitcoin has collapsed 13.18%, moving away from its recent recent. In April, he even touched a floor of $ 76,000, although he then experienced a partial recovery.
Comparison with the Biden era
The contrast to Joe Biden’s management is remarkable. When he assumed the presidency on January 30, 2021, Bitcoin quoted around US $ 36,000. In later 100 days, it rose 60.4%, exceeding US $ 64,800, driven by a more favorable macroeconomic environment, with interest rates close to zero by the Federal Reserve.
Analysts attribute the recent Bitcoin fall to Trump’s commercial policy, particularly to generalized tariffs on several strategic partners, which has generated economic uncertainty and fears of a possible global recession.
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Despite the administration’s attempts to position the US as a central actor in the crypto ecosystem, markets seem to prioritize the macroeconomic context over political signals.
Source: Ambito
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