Crypto Market Downturn Amid Trump’s Mixed Policies and Macro Pressures

During Donald Trump’s first 100 days in office, crypto prices experienced significant declines despite several supportive regulatory moves by the administration. The SEC ended lawsuits against major companies such as Uniswap, Coinbase, and Ripple Labs, signaling a step toward greater regulatory clarity for the crypto space. However, aggressive tariff policies and a renewed trade war with countries like Canada, Mexico, and China heavily impacted market sentiment, leading to a 14.7% drop in total crypto market capitalization—far outpacing declines in traditional markets like the S&P 500 and Nasdaq 100. Bitcoin and most altcoins have suffered, and while the overall market cap showed a modest recovery from $2.39 trillion to $2.9 trillion, underlying macroeconomic challenges persist. Additionally, the performance of decentralized exchange (DEX) volumes, record net inflows into Bitcoin ETFs, and contrasting trends in Ethereum ETFs highlight an environment of volatile investor sentiment. The rise in the stablecoin market and growth in Real World Asset tokenization add further complexity to the current market dynamics.