#Trump100Days Impact of #Trump100Days on the Crypto Market

Policies and Regulation

Trump established task forces on digital assets (cryptocurrencies and stablecoins) and plans a national stockpile of digital assets.

Announced a "Crypto Strategic Reserve" with five cryptocurrencies (BTC, ETH, XRP, Solana, Cardano).

Federal law on stablecoins and the crypto market is expected to be approved by August 2025.

Macroeconomic Context and Sentiment

In April, Trump reactivated the trade war with tariffs on 185 countries, causing global stocks to fall.

Bitcoin dropped ~9% after the tariff announcement but closed April ~+16%, while the S&P 500 fell sharply.

After Trump softened his rhetoric on tariffs, the risk appetite of crypto investors recovered.

Powell warned that Trump's tariffs could raise inflation.

Trump pressures the Fed for lower interest rates and vetoed an official "digital dollar," opening the door for dollar-backed stablecoins.

Sources: Market analyses and recent news detail the new administration's pro-crypto strategy (strategic reserve of crypto assets and legislation), the global economic climate (tariffs and inflation), and the impact on risk sentiment and the prices of Bitcoin, Ethereum, and stablecoins.