$SOL Market Volatility:
* Overall, Trump's involvement has contributed to increased volatility in the cryptocurrency market. His policies and statements can trigger rapid price fluctuations, reflecting the market's sensitivity to macroeconomic and political factors.
* Correlation with Traditional Markets:
* The cryptocurrency market, particularly Bitcoin, has shown a degree of correlation with traditional financial markets, such as the stock market. Therefore, Trump's policies affecting these markets also indirectly impact cryptocurrencies.
In summary:
The "Trump effect" on the crypto market is characterized by heightened volatility and sensitivity to his trade and regulatory policies. Trade tariff announcements tend to create downward pressure, while pro-crypto signals can have the opposite effect.