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Cryptocurrency News Articles
President Donald Trump's pro-crypto stance has thus fair failed to push Bitcoin BTC/USD to a better performance compared to the first hundred days of his first term in office.
Mar 13, 2025 at 09:30 pm
Trump has been an outspoken supporter of crypto since running for his second term in office, evidenced by launching his own crypto project and an executive order mandating a strategic Bitcoin reserve.
President Donald Trump's pro-crypto stance has thus far failed to push Bitcoin (BTC/USD) to a better performance compared to the first hundred days of his first term in office.
What Happened: Trump has been an outspoken supporter of crypto since running for his second term in office, evidenced by launching his own crypto project and an executive order mandating a strategic Bitcoin reserve.
However, both traditional and crypto markets have underperformed compared to his first term.
During Trump's first term, BTC jumped 50% in his first 100 days in office, rising from under $900 to over $30,000 by the end of his presidency, Protos reports.
Despite early optimism, BTC has fallen from a peak of $108,000 on Inauguration Day to $82,500 as of Monday.
Also Read: Trump-Appointed SEC Chair Could Fast-Track Crypto ETF Approvals: XRP, Solana, Dogecoin ETFs Coming By June?
Bitcoin surged 26% in the first 52 days of 2017 but is down 22% in the first 53 days of 2025. The broader cryptocurrency markets and Bitcoin's lull may be attributed to several factors:
* Several crypto giants like FTX and Celsius collapsed in 2022, erasing billions of dollars in investor funds.
* The U.S. Securities and Exchange Commission's (SEC) increased scrutiny of the crypto industry led to several lawsuits against major crypto firms and the rejection of several Bitcoin exchange-traded funds (ETFs).
* The ongoing macroeconomic uncertainty and the Federal Reserve's interest rate hikes also contributed to the crypto markets' poor performance.
What Next: Despite short-term weakness, many analysts believe Trump's crypto-friendly policies could drive long-term upside.
Standard Chartered predicts BTC will hit $200,000 by the year-end, driven by institutional adoption, regulatory clarity and global demand.
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