Trump gave crypto everything it wanted. The market is still tanking like its 2022 – DL News
The Guidance
- Trump has delivered on crypto’s regulatory wish list.
- His tariffs have erased benefits from his crypto policies.
- Trump’s own ventures decried as ‘worst side of crypto.’
A version of this story appeared in our The Guidance newsletter on April 7. Sign up here.
They’re calling it Orange Monday.
Few expected that Donald Trump, the self-proclaimed crypto president, would trigger the worst selloff to hit Bitcoin and its ilk since May 2022.
The crypto market has plunged 30% since his inauguration, which matches the drop three years ago when Terra melted down.
The drop demonstrates just how vulnerable cryptocurrencies are to the radical trade programme Trump unleashed last week.
