Trump's approval rating hitting a record low after 200 days in office may impact cryptocurrency trends. #特朗普支持率

During his campaign and after being elected, Trump expressed support for cryptocurrencies, such as promising to classify Bitcoin as a strategic reserve asset for the United States. These statements previously drove up cryptocurrency prices. If his approval rating hits a record low, it may indicate increased difficulty in implementing his policies, making it harder for related commitments to come to fruition. Market expectations may subsequently fall, leading to a decline in investor enthusiasm and creating downward pressure on cryptocurrency prices.

Additionally, a low approval rating may cause Trump to focus more on domestic and foreign affairs to boost his support, leaving little time for cryptocurrency-related policies. This policy vacuum could also dampen market sentiment, affecting cryptocurrency trends. Furthermore, a record low approval rating often reflects increased scrutiny and opposition to his policies, which could trigger market concerns about the stability of the U.S. economy and policies, prompting funds to flow into safe-haven assets. As a high-risk asset, cryptocurrencies may face capital outflows and price declines. #CPI数据来袭 $BTC