#Trump100Days
Bitcoin falls in Trump’s first 100 days, frustrating bulls looking for a crypto boom .
Bitcoin fell 10% since Trump took office, after hitting a record on Inauguration Day Trump’s executive order to create a strategic bitcoin
BTCUSD
-1.11%
reserve failed to impress investors who were looking for a more dynamic vehicle. The reserve largely relies on holdings of bitcoins seized by the government, rather than active purchases of the crypto. The latter approach could face major political hurdles.
Partly due to a bearish turn in sentiment, bitcoin was down 10.2% from its level a day ahead of Trump’s inauguration day on Jan. 20. It was on that day that bitcoin hit a record at $109,225. The crypto took a hit earlier this month, along with other risk assets, over tariff concerns, falling to below $74,500 on April 7, before rebounding to around $95,400 Tuesday afternoon, according to the Dow Jones Market Data.