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Mateusz Kara, CEO of cryptocurrency company Ari 10, told DL News that the question is Do we overestimate what Trump can do? In last years U.S. election, the cryptocurrency industry supported Trump, hoping that he would end the Biden administrations cryptocurrency crackdown, promote rules that favor the industry and start a bull run. Although some rules have been relaxed, the White Houses trade war has caused the global cryptocurrency market value to shrink by nearly 21%, or about $800 billion, since its high in December last year. Bitcoin is down more than 10% from its level on Jan. 20, the day before Trump’s inauguration, when it hit an all-time high of $109,225. Earlier this month, bitcoin was hit along with other risk assets by tariff concerns, falling below $74,500 on April 7 before rebounding to around $94,500 as of this writing, according to Dow Jones Market Data. Mateusz Kara, CEO of cryptocurrency company Ari 10, told DL News that the question is Do we overestimate what Trump can do? In last years U.S. election, the cryptocurrency industry supported Trump, hoping that he would end the Biden administrations cryptocurrency crackdown, promote rules that favor the industry and start a bull run. Although some rules have been relaxed, the White Houses trade war has caused the global cryptocurrency market value to shrink by nearly 21%, or about $800 billion, since its high in December last year. Bitcoin is down more than 10% from its level on Jan. 20, the day before Trump’s inauguration, when it hit an all-time high of $109,225. Earlier this month, bitcoin was hit along with other risk assets by tariff concerns, falling below $74,500 on April 7 before rebounding to around $94,500 as of this writing, according to Dow Jones Market Data.
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