Trump’s return to the White Home in early 2025, following a marketing campaign targeted on an “America First” agenda, aimed to revive the US economic system, enhance employment, and scale back dwelling prices via tariffs and tax reforms. Cryptocurrencies had been among the many asset courses anticipated to learn throughout his second time period.
On March 6, 2025, Trump signed an government order establishing a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, declaring a imaginative and prescient for america to grow to be a worldwide Bitcoin superpower. Following this announcement and rate of interest cuts by the US Federal Reserve, Bitcoin reached a document $126,199, whereas Ethereum rose to $4,956.
Nevertheless, world uncertainties tied to the administration’s insurance policies and questions in regards to the Fed’s future financial stance led to promoting strain throughout crypto markets. Bitcoin, after surpassing $100,000 in January 2025, started declining in February, dropping beneath $80,000 in March. The cryptocurrency rebounded above $100,000 in Could following a 90-day US-China tariff pause however fell once more beneath $85,000 by November resulting from renewed considerations over Fed charge cuts and excessive know-how inventory valuations.
Bitcoin opened Trump’s time period at $103,644 on Jan. 20, 2025, and traded round $90,000 all year long, remaining beneath its peak.
Uraz Cay, a worldwide markets strategist at Turkish funding dealer AK Yatirim, famous that whereas Bitcoin traded roughly 35% greater than in November 2024, it remained about 27% beneath its October 2025 document.
“Regardless of Fed charge cuts in 2024 and 2025, the Trump administration’s constructive steps for the crypto market, and the emergence of extra crypto-based devices throughout the monetary system, we reached a degree beneath the return ranges that buyers are used to seeing in previous crypto bull markets,” Cay mentioned.
He added that institutional adoption of Bitcoin has but to fulfill expectations, whereas digital gold outperformed actual gold. The rise of stablecoins has additionally launched new debt sources for the US, creating geopolitical dangers that spill over into the crypto market.
Cay emphasised that Bitcoin’s weakening correlation with different funding devices factors to robust diversification potential, although valuable metals stay dominant in portfolios. “For the reason that most crowded trades in portfolios are in valuable metals, digital gold has but to return into play as actual gold rose and continues to rise,” he mentioned.
He additionally famous that whole belongings in Bitcoin spot Trade-Traded Funds (ETFs) declined by October 2025 however nonetheless held a price of about $125 billion.
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