On the 100th day of Trump's presidency, he had a significant impact on the cryptocurrency market. His policy shift led to a loosening of industry regulations, including signing an executive order to establish a Bitcoin strategic reserve, rescinding Biden-era restrictions on bank cryptocurrency operations, and supporting the Financial Innovation and Technology Act (FIT21) to accelerate legislation. These initiatives facilitated the entry of traditional capital, with the total market value of cryptocurrencies surpassing $3 trillion in April 2025, and Bitcoin's market share reaching 61.4%. However, the personal issuance of 'Trump Coin' ($TRUMP) triggered market speculation, with its price plummeting from a high of $75 to less than $10, resulting in over 813,000 wallets suffering losses exceeding $2 billion, exposing the high-risk characteristics driven by policy.