Donald Trump's return to the White House has made the global crypto market turbulent again. With economic policies tending to be protectionist, especially the implementation of new import tariffs against China, Canada, and Mexico, global investors began to step back from high-risk assets—including cryptocurrencies.
The price of Bitcoin briefly dropped to $83,000 due to negative sentiment from the tariff policy. The global market shook, and crypto players felt there was a threat from global economic uncertainty. But amusingly, on the other hand, Trump announced the establishment of a National Strategic Bitcoin Reserve—similar to the national oil reserve, but in digital form. This strategy is said to be part of his ambition to make the US the "cryptocurrency capital of the world."
So, even though one foot of Trump seems to be pressing the market's brakes with his tariffs, the other foot is pressing the gas for crypto adoption. Suddenly, the market's response became mixed.