Trump's first 100 days in office have brought disaster to the crypto world! But stablecoins are experiencing a huge divergence at this moment!
The friendliest crypto president in the universe, Trump, marks his 100th day in office today, fulfilling his election promise to lead the crypto world in a new direction.
1. The market capitalization of cryptocurrencies has fallen from 3.621 trillion at the time of his inauguration to 3.084 trillion, evaporating $537 billion.
2. The only remaining meme coin sector in the crypto world has also been depleted by his issuance of tokens.
3. His promises to the crypto world during the campaign have been fulfilled with cost-free tweets and a mere appearance, with the strategic reserve of Bitcoin in the U.S. costing not a dime.
4. Given the current situation and prices, the crypto world indeed seems to be just a tool for him to amass wealth. However, the SEC's major overhaul, the repeal of old legislation, the deepening roundtable discussions, and the beginning of new legislative proposals are undeniable facts. If he truly is a great crypto president, the best way to promote industry development would be not to participate himself, allowing the blockchain to return to innovation and rules while developing blockchain applications. But now, the crypto world is turning into a low-odds casino!
5. While the market is currently sluggish, stablecoins are constantly hitting historical highs in the crypto world! Today it has reached 240 billion! Yesterday afternoon, Tether issued 1 billion USDT and quickly distributed it to exchanges, indicating a significant increase in market liquidity demand, accelerating the exchange for USDT, showing that institutions are still frantically positioning themselves, and a new round of market activity is likely in the warming-up stage.
6. Therefore, based on the above, I still hold the view from the 26th regarding short-term trends on a daily basis, given the uncertainty of tariffs and the uncertainty of this week's U.S. stock earnings reports, but for medium to long-term trends on a monthly basis, I still see a bullish outlook for BTC and ETH!
#特朗普上任100天 #美股财报周来袭 #加密市场反弹 $BTC $ETH $TRUMP
April 29, 2025, "Crypto 24" Issue 60
