#Trump100Days
Donald Trump's first 100 days in office had a significant impact on the crypto market. Here's a breakdown of the key events and trends:
- *Bitcoin Price Movement*: Bitcoin prices initially tumbled for most of Trump's first 100 days, falling 9% due to risk-off sentiment dominating markets. However, the price regained some ground after Trump's 90-day pause on tariffs announced on April 9.
- *Regulatory Uncertainty*: The crypto market faced uncertainty due to Trump's administration policies, with some expecting lighter regulation and others concerned about potential restrictions. Senator Bill Hagerty mentioned potential passage of stablecoin bills within Trump's first 100 days.
- *Market Volatility*: The crypto market experienced high volatility, with investors seeking safe-haven assets like gold. Bitcoin traded more like technology stocks than a safe-haven asset during this period.
- *Ethereum-focused ETFs*: Ethereum ETFs performed poorly, with top Ether ETFs experiencing declines of around 48-50% due to regulatory uncertainties and a shift away from riskier assets.
- *Trump's Pro-Crypto Stance*: Trump has proclaimed himself the "crypto president," and his administration has pledged to provide regulatory clarity for the industry. This could potentially stabilize the market and encourage innovation.
- *Potential Bitcoin Reserve*: Trump's proposal for a US Bitcoin reserve sparked debate, potentially positioning Bitcoin as a government-backed asset and attracting institutional investors.
Some key statistics include ¹ ²:
- *Best-performing ETFs*: Volatility-focused ETFs like ProShares VIX Short-Term Futures ETF (42.9% return) and gold miner ETFs like Sprott Gold Miners ETF (39.1% return) outperformed during Trump's first 100 days.
- *Worst-performing ETFs*: Ethereum-focused ETFs like ProShares Ether Strategy ETF (-50.1% return) and ARK 21Shares Active Ethereum Futures Strategy ETF (-49.4% return) underperformed.
