U.S. Elections & Crypto

Bitcoin dipped by 4% in the last 24 hours, amidst reports of upcoming U.S. tariffs on its trading partners. U.S. President Donald Trump’s tariff announcements have been dramatic enough to keep crypto traders on their toes, as Bitcoin and altcoins react to the news. 

Dogecoin rallied nearly 10% this week, resilient in the face of the U.S. President Donald Trump’s tariff war and macroeconomic developments. Most altcoins have suffered the negative impact of Trump’s announcements, DOGE continues to gain, back above $0.2058 for the first time in nearly two weeks.

Bitcoin, Ethereum and XRP gain slightly on Wednesday as traders gear for the U.S. FOMC rate decision at 2 PM ET. Unlike previous bear markets, traders are seeing shorter bear cycles followed by sharp price rallies. 

Donald Trump’s ties to cryptocurrency projects, his holdings and those of Trump-backed World Liberty Financial have raised red flags in the crypto community on several occasions. As the Trump administration changes its stance from the U.S. President’s previous term and turns pro-crypto, several crypto companies with close ties to Trump and his aides have gained or set their sights on gaining from association.

David Sacks, Trump’s go-to guy for crypto, recently parted ways with a whopping $200 million worth of digital asset holdings.

Bitcoin (BTC), Ethereum (ETH) and XRP face carnage in response to Trump’s policies and announcements. The total market capitalization of crypto is down to $2.784 trillion on Wednesday. 

Bitcoin price volatility, shifting narratives in crypto and U.S. President Trump’s executive orders have shaken down the cryptocurrency ecosystem in less than 50 days of his administration. Crypto.news interviewed top women executives at blockchain and crypto firms to gather their insights, to unpack the recent developments with these leaders. 

U.S. President Donald Trump’s announcement of the Strategic Crypto Reserve shook the markets and turned traders risk averse, after the pump and dump on Monday. Bitcoin closed February at the most negative returns, down 17.39%, for the first time since 2014. 

Solana (SOL) gained nearly 6% on Friday, rallying alongside Bitcoin, as the largest cryptocurrency regains $80,000 as support. However, the total value of assets locked in the Solana chain is down $5.26 billion from its peak, a near 50% drop. TVL represents demand and relevance for a chain, meaning Solana is negatively affected by the shifting market dynamics. 

Bitcoin (BTC) trades at $86,930 on Tuesday. BTC price dropped below the $90,000 support level for the first time in over three months, generating a negative sentiment among traders. Crypto traders have turned “fearful” after nearly six months of “neutral” and “greed,” per the Crypto Fear & Greed Index.