Crypto01 April, 20261 min read
Trump Declares Crypto Revolution as Bitcoin Swings and Market Plummets
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Trump declares a crypto revolution, signaling a pro-crypto stance. Bitcoin trades around $65.6k, dipping toward $70k amid volatility.
Trump Embraces Crypto
Trump declared a crypto revolution, calling bitcoin very powerful. Notable figures like Cathie Wood viewed Trump as a catalyst for a new bull run.
Bitcoin had fallen from $126,000 to under $70,000 since October. Musk posted an animated bitcoin-inspired clip, reigniting speculation.
Bitcoin Market Crashes
Bitcoin plunged to around $65,600, erasing all gains since Trump’s election. The crypto market lost nearly half its value since July.
A tech sector rout triggered selling that spilled into crypto. ETFs saw massive outflows and Treasuries slowed purchases.
Trump's Political Gamble
The Atlantic Council described the campaign as a high-risk gamble. Congressional Democrats demanded briefings on the war's legality. Growing domestic opposition received minimal coverage.