#ILOVE$TRUMP
The policies of President Donald Trump have a significant impact on the cryptocurrency market, causing both positive and negative reactions.
Negative consequences:
Market volatility after the summit: Despite positive intentions, the holding of the crypto-summit led to a market crash, with the cryptocurrency market capitalization falling to $2.5 trillion — the lowest since October 2024. This indicates the uncertainty and volatility inherent in the cryptocurrency market.
Launch of the meme coin $TRUMP:
A few days before the inauguration, Trump announced the launch of the meme coin $TRUMP, which drew criticism from ethical experts and government regulatory bodies. They expressed concerns about the potential conflict of interest and the ethics of such a move.
Overall, Trump's policies are aimed at supporting and developing the cryptocurrency sector; however, their impact on the market remains complex and multifaceted, combining elements of innovation support and challenges related to market volatility and ethical issues.
