Former US President Donald Trump recently stated that the cryptocurrency market has shown greater resilience compared to the stock market during the recent financial downturn. He characterized the crypto sector as 'very popular' and 'very hot', emphasizing its strong position amid market volatility.
This announcement aligns with recent market movements: despite a sharp decline in American stocks caused by Trump's announcement of significant tariffs, cryptocurrencies like Bitcoin have shown relative strength. For instance, Bitcoin slightly bounced back, gaining about 1% and reaching approximately $83,961, while major stock indices — Dow Jones and S&P 500 — experienced their most substantial two-day losses in years. Experts noted that while Bitcoin still responds to macroeconomic factors such as interest rates and the strengthening dollar, it has begun to somewhat decouple from traditional stocks, indicating a growth in maturity and potential as a separate asset class.
Amplifying the positive momentum in the crypto market, Trump recently announced plans to create a government-backed 'Cryptocurrency Strategic Reserve', which will include major digital assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement triggered a significant price increase for the mentioned cryptocurrencies — some surged between 8% and 62% in trading following the news. The initiative signals an unprecedented level of official support and may further strengthen confidence in digital currencies.
Overall, Trump's statements and political moves have breathed new life into the crypto sector, positioning it as a potentially more resilient and popular alternative to traditional stock markets during times of economic uncertainty.
