The encryption market has shrunk 520 billion dollars in the first 100 days of Trump in his post
⚈ The encryption market lost $ 520 billion in the first 100 days of Trump in his post.
⚈ Millions of Bitcoin have decreased by about 20,000, amid a shrinkage in the market and the failure of the project.
⚈ Despite the previous losses, signs of recovery appear in the appearance of Bitcoin from stocks.
The first 100 days of President Donald Trump in office was not a blessing for the cryptocurrency market – at least not in the expected melody.
While the second period of the Republic in the White House has brought a set of positive changes, especially with regard to regulations, the repercussions of Trump’s tariff policies have caused the shift from speculative assets – and cryptocurrencies absorbed their share of repercussions.
Exactly, data recovery By Finbold from Coinmarketcap He explains that at the time of Trump’s second opening, on January 20, the total market value of the cryptocurrency market amounted to 3.49 trillion dollars.
On April 29, on the 100th day of Trump’s second presidency, the maximum of the cryptocurrency market amounted to $ 2.97 trillion – or about $ 520 billion on January 20.
By the time of the press on the first of May, the total ceiling of the encryption market reached $ 3.01 trillion, and it returns over 3 trillion dollars for the first time since March 3, approximately two months ago.
In addition, the number of millions of millions of Bitcoin (BTC) has seen a significant decrease in this time frame, a decrease from 157,563 to 137,694.
You can see the rest of Trump’s duration to revive the encrypted currency market
With what is said, the recent developments were often positive. The largest “decrease” of Trump’s second presidency has so far witnessed a decrease in the maximum of the cryptocurrency market to $ 2.42 trillion.
While we are still away from the highly high market value (ATH) of $ 3.71 trillion, it was reached on December 9, when recovery is done. Moreover, modern price actions indicate that Bitcoin is the leading digital assets, which determine the entire tone of the group, has stopped trading along with stocks – and began to reflect the price of gold.
Moreover, not all the problems of the encryption market can be attributed to the background of the macro and the tariff warfare. Although there is a noticeable increase in the failed cryptocurrency projects, it can be attributed to a large degree of this to Fad Meme Coin, which seems to have mostly faded as investors revolve into more stable and proven projects.
Distinctive image via Shutterstock
