Donald Trump’s second term, initially celebrated as a crypto victory due to his pro-crypto stance, has been overshadowed by his aggressive trade war, causing significant volatility in cryptocurrency markets. His first 100 days saw Bitcoin prices swing from $85,000 on “Liberation Day” to $77,000 after 125% tariffs on China, driven by economic uncertainty and rising electronics costs impacting Bitcoin miners. Trump’s pro-crypto moves included banning a US Central Bank Digital Currency (CBDC), creating a Strategic Bitcoin Reserve, and establishing a US Digital Asset Stockpile for cryptocurrencies like Ethereum and XRP. However, the Bitcoin Reserve, limited to seized assets, disappointed investors expecting robust government purchases. A controversial dinner offer to top Trump memecoin holders sparked a 50% coin surge but raised ethical concerns, prompting impeachment calls. Despite these efforts, tariffs have eroded crypto gains, with increased mining costs and fears of BRICS de-dollarization. Trump’s approval rating dropped from 50.5% in January to 45.3% by April 2025, reflecting economic discontent. Meanwhile, Michelle and Barack Obama expressed fears over Trump’s immigration policies and rights infringements, with Michelle highlighting due process concerns for people of color, overshadowing economic critiques.
