Crypto market shrunk $520 billion in Trump’s first 100 days in office
Summary ⚈ The crypto market lost $520 billion during Trump’s first 100 days in office. ⚈ Bitcoin millionaires declined by nearly 20,000 amid market downturn and project failures. ⚈ Despite earlier losses, recovery signs are emerging as Bitcoin decouples from equities. President Donald Trump’s first 100 days in office haven’t exactly been a boon for the cryptocurrency market — at least not to the tune that it was expected. While the Republican firebrand’s second tenure in the White House has brought a host of positive changes, chiefly concerning regulations, the fallout from Trump’s tariff policies has caused a shift away from speculative assets — and cryptocurrencies absorbed their share of the fallout. To be exact, data retrieved by Finbold from CoinMarketCap shows that, at the time of Trump’s second inauguration, on January 20, the total cryptocurrency market capitalization stood at $3.49 trillion. On April 29th, the 100th day of Trump’s second presidency...