Donald Trump’s reelection in November 2024 proved to be a formidable bullish catalyst for the cryptocurrency market because it rapidly led to many digital property gatherings. The rally generated 11,000 new Bitcoin (BTC) billionaires, permitting BTC to exceed $100,000, and finally reached an all-time excessive (ATH) of over $109,000.
Donald Trump’s precise presidency had the alternative impact as he started monitoring different dangerous property amid rising financial uncertainty, which decreased many cryptocurrencies.
In reality, when the billionaire took workplace, the whole market capitalization of digital property was $3.46 trillion (valued roughly $210 billion since January 1, 2025), reaching $2.7 trillion by the point of reporting on April 21.
In whole, cryptocurrency erased round $760 billion within the three months since Trump grew to become president.
The crypto market ignores bullish improvement
Whereas digital property had been falling aside, the Securities and Trade Fee (SEC) deserted a number of instances focused on the trade, however the sudden decline against bettering the regulatory atmosphere was unfolding because the Inner Income Service (IRS) eliminated the cryptocurrency guidelines and the Division of Justice (DOJ) dissolved a particular process drive.
The recession was concurrently strengthened, highlighting the rising hyperlink between digital property and different dangerous property resembling shares, and undermining the long-standing similarities between Bitcoin and gold.
In reality, BTC fell 6.53% in 2025, whereas gold surged to a brand new excessive of over $3,400, a rise of 30.20% since January 1st.
Nonetheless, the newest developments rekindled hopes for a steady bull cycle as Bitcoin targeted on $87,379 over Easter weekend, rising from $55 billion to $2.65 trillion to $2.7 trillion over the previous 24 hours.
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