As Donald Trump’s first 100 days in his second term conclude, the cryptocurrency market stands at a pivotal juncture, buoyed by his administration’s pro-crypto policies but tempered by uncertainties. Trump’s executive orders, including the establishment of a Strategic Bitcoin Reserve and a working group to draft crypto-friendly regulations, have fueled optimism, driving Bitcoin past $100,000 and boosting altcoins like Ether and Solana. Appointments of crypto advocates like Paul Atkins to the SEC and David Sacks as crypto czar signal a shift from Biden-era restrictions, with actions like repealing SAB121 enabling banks to custody digital assets.
The launch of Trump’s $TRUMP meme coin, alongside family-linked ventures like World Liberty Financial, has sparked both market frenzy and ethical concerns over conflicts of interest. However, volatility looms as traders await clearer regulatory frameworks and the Federal Reserve’s stance on crypto banking. Posts on X reflect mixed sentiment, with some anticipating a sustained bull run and others warning of a speculative bubble. Global trade tensions and potential tariffs could further disrupt market stability. While the crypto industry celebrates early wins, the next phase hinges on legislative backing and managing inherent risks to sustain this momentum.
