Trump’s Crypto Boost Short Lived

The crypto market just made a complete U-turn. Over the weekend, Bitcoin surged $14,000, climbing back above $95,000 after President Donald Trump announced a U.S. strategic crypto reserve. Investors rushed in, hoping this would mark the start of a new bull run.

But the excitement has faded fast, as Bitcoin is back at $83,000, with Ethereum, XRP, Solana, and Cardano all plunging 14% to 22% in the past 24 hours. Even Trump’s own $TRUMP token has collapsed 22%, nearing record lows.

What Went Wrong?

At first, Trump’s crypto reserve announcement sparked optimism. But without clear details, that optimism quickly turned into doubt.

• No Details on Funding or Execution – Investors expected a solid plan on how the U.S. government would manage and fund a crypto reserve. Instead, Trump’s statements lacked clarity, leaving traders uncertain.

• Trade War Fears Take Over – On Tuesday, Trump imposed heavy tariffs on China, Canada, and Mexico, sending shockwaves through global markets. Investors are now pulling back from riskier assets, including crypto.

• Regulatory Confusion – While Trump has appointed pro-crypto regulators, there’s still no clear framework for how the government plans to integrate crypto into its financial system.

The White House Crypto Summit on Friday is now the key event to watch. If Trump delivers a real strategy, Bitcoin could regain momentum. If not, the market may remain under pressure.

Bitcoin is still above its recent lows, but with volatility returning, traders are watching key support levels. Will crypto bounce back or are we in for another rough week?

Stay ahead,
Street Fin Gazette