As of mid-April 2026, Bitcoin (BTC) has experienced volatility under the second Trump administration, recently falling roughly 28% from highs to around $70,000–$74,000 despite campaign promises to make America the "crypto capital". While a Strategic Bitcoin Reserve was initiated in 2025, it lacks full operational funding, and Trump-related crypto ventures have faced scrutiny.

The Guardian

The Guardian

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Key Bitcoin & Trump News (April 2026)

Price Action & Volatility: Bitcoin has hovered around $70,000–$74,000 following geopolitical tensions (Strait of Hormuz blockade) and market disappointment, dropping from highs, with some investors shifting to "put options" to hedge against further downside.

Stalled Reserve: Although an executive order in March 2025 established a strategic bitcoin reserve, it has been stalled by the need for congressional authorization.

Fed Chair Nominee: Trump's Fed nominee, Kevin Warsh, has ties to the Bitcoin payments startup Flashnet, with investors seeing him as a pro-crypto figure.

Family Crypto Ventures: The Trump family's crypto endeavors, including World Liberty Financial, have faced challenges, including investor accusations of account freezing and sharp drops in value.

The GeniAct Act: A "Genius Act" was signed in 2025 aimed at creating a clear regulatory framework for stablecoins and strengthening the US dollar through crypto.

Policy Focus: Despite the price drops, the administration has focused on deregulation, with the SEC and DOJ dropping or settling numerous cases against firms like Coinbase.

The Guardian

The Guardian

+7

The market continues to digest the impact of "Trump Trades" and the long-term outlook for crypto in the US, with analysts noting that the promised "to the moon" surge has not yet materialized, causing some investment losses.