Crypto is booming again. Trump’s return explains both the rise and the risk
The jump in Bitcoin prices is part of a broader upward trend. Since Trump’s re-election in November, Bitcoin has continued to climb steadily, its market capitalisation now surpassing even that of Google. It is not just Bitcoin. Total crypto market capitalisation has grown from under $2.5 trillion in June 2024 to $3.7 trillion now.
These developments follow a significant shift in US crypto policy. Trump reversed his earlier anti-crypto stance and appointed several pro-crypto figures in key regulatory roles: David Sacks as the White House crypto czar, Paul Atkins to the Securities and Exchange Commission (SEC), and Brian Quintenz to the Commodity Futures Trading Commission (CFTC).
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