Analyzing Bitcoin’s Market Performance Under Trump’s Presidency
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Understanding Bitcoin’s Initial Challenges During Trump’s Presidency
Since Donald Trump’s inauguration as President, Bitcoin enthusiasts have been closely monitoring the cryptocurrency’s market movements. Initially, there was optimism surrounding Trump’s election, but this sentiment quickly dissipated due to his unpredictable policy decisions. Throughout the first 300 days of his term, the market exhibited bearish trends, with Bitcoin struggling to maintain an upward trajectory. The uncertainty was largely attributed to Trump’s fluctuating stance on tariffs, particularly concerning trade relations with China.
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Bitcoin’s Early Struggles: Weak Momentum and Significant Declines
From the onset of Trump’s presidency, Bitcoin’s market performance began to falter. Within the first 40 days, its price dropped below the breakeven point, eventually plunging to declines of 10% and 20%. This downturn was primarily caused by the announcement of tariffs early in Trump’s tenure, which marked the beginning of a challenging period for the cryptocurrency despite Trump’s seemingly pro-crypto inclinations.
Bitcoin failed to rebound quickly, remaining in a low range for weeks. Between Day 40 and Day 90, the price hovered between a 10% and 20% decrease, reflecting a market plagued by low confidence and limited positive momentum. Although there were minor upward movements, they failed to establish a lasting upward trend.
By Day 100, the market still lacked clear direction. While minor recoveries occasionally nudged the price toward neutrality, it frequently retracted, underscoring the market’s reluctance to initiate a decisive rally.
Mid-Term Recovery Attempts: Gains Without Sustained Strength
As trade tensions began to ease, Bitcoin experienced some recovery, briefly reaching a new peak exceeding $126,000. However, this upward momentum was short-lived, as the US government shutdown once again pressured the market downward.
Despite the resolution of the shutdown and announced economic relief measures, such as the $2,000 rebate checks, Bitcoin’s price continued to struggle, dipping below the critical $100,000 mark twice within the month, which further dampened market sentiment.
Analysts observe that since Trump’s presidency began, Bitcoin has operated within a cautious market environment. The data reveals prolonged periods of negative performance, with only brief and minor recoveries. This pattern indicates declining momentum after each attempted rise and no sustained upward trend throughout the 300-day period.
The observed price trends highlight a market characterized by uncertainty and caution. Traders appear hesitant to engage in high-risk ventures, resulting in Bitcoin trading at 20% below its all-time high. Without a significant market catalyst, this sluggish and unstable trend seems likely to continue.
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