Donald Trump’s influence on the cryptocurrency market remains significant, driven by his administration’s pro-crypto policies and personal ventures. Trump’s establishment of a Strategic Bitcoin Reserve, announced in March 2025, includes bitcoin, ether, XRP, Solana, and Cardano, boosting their market values significantly upon announcement. For instance, bitcoin surged 11% to $94,164, and XRP jumped 33%. However, recent market corrections show volatility, with bitcoin trading at $91,000 after dipping to $85,000. Trump’s World Liberty Financial, linked to his family, has raised over $550 million, launching a stablecoin (USD1) and meme coins ($TRUMP, $MELANIA). These ventures raise ethical concerns, with critics like Sen. Chris Murphy warning of potential bribery channels due to anonymous transactions. Posts on X reflect bullish sentiment but caution against overbought signals and whale sell-offs, indicating lurking volatility. Trump’s deregulation, including disbanding the DOJ’s crypto enforcement unit, has spurred industry growth but alarmed consumer protection groups.
