#AirdropSafetyGuide The decoupling from US risk assets — in large part driven by a slumping dollar — offers some relief for crypto bulls after Trump’s first three months in power failed to ignite the rally many had expected. Even after April’s gains, Bitcoin trades about 16% below the record of more than $109,000 it reached on the day Trump returned to the White House in January.

“One of the possible ramifications of the US decoupling is a revisit to the long-term Bitcoin bull case as a store of value,” said Augustine Fan, a partner at crypto trading platform SignalPlus. “We’ve been critiquing Bitcoin as a leveraged Nasdaq proxy over the past year, but it has finally started to show some signs of decoupling