⚈ The cryptography market has lost $ 520 billion in the first 100 days of Trump.
⚈ Bitcoin millionaires has decreased by almost 20,000 in the middle of the market slowdown and project failures.
⚈ Despite the previous losses, the signs of recovery emerge as bitcoin hates actions.
The first 100 days in power of President Donald Trump were not exactly a boon for the cryptocurrency market – at least not to the melody that it was expected.
While the second term of the Brand Républicain at the White House brought a host of positive changes, mainly concerning regulations, the fallout from Trump's pricing policies caused a change in speculative assets – and cryptocurrencies have absorbed their share of the benefits.
To be exact, data recovered By finbold of Coinmarketcap shows that at the time of the second inauguration of Trump, on January 20, the total market capitalization of the cryptocurrency amounted to 3.49 billions of dollars.
On April 29, the 100th day of the second presidency of Trump, the total market capitalization of the cryptocurrency was 2.97 billions of dollars, or $ 520 billion less than on January 20.
At the time of the press on May 1, the total market capitalization of cryptography amounted to 3.01 billions of dollars, returning above the 3 psychological billions for the first time since March 3, almost two months ago.
In addition, the number of Bitcoin millionaires (BTC) also experienced a significant reduction in this period, from 157,563 to 137,694.
The rest of Trump's mandate could see a revival of the cryptocurrency market
That said, recent developments have been mainly positive. The biggest “draw” of the second presidency of Trump has so far seen the total market capitalization of the cryptocurrency fell to 2.42 billions of dollars.
Although we are currently a bit far from the market capitalization of all time (ATH) of 3.71 billions of dollars, reached on December 9, a recovery is underway. In addition, recent prices action suggests that the main digital asset bitcoin, which often sets the tone for its entire asset class, has stopped negotiating in tandem with actions – and began to reflect the action of gold prices.
In addition, not all problems in the cryptography market cannot be attributed to the macro backdrop and the tariff war. Although there was a notable increase in the failure of cryptocurrency projects, a great degree can be attributed to the fashion even corner, which mainly seems to have died out while investors are running to more stable and proven projects with a public service.
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