Trump 2.0: The First Year of a Crypto State 😃
1. Bitcoin’s Price Path (2025)
• Jan 20 (Inauguration): BTC opened around $103K.
• January High: Rallied to $108K on expectations of crypto-friendly policies.
• October Peak: Printed a new ATH at $126K, supported by pro-crypto moves and Fed rate cuts.
• Year End: Slid back toward $90K as tariff concerns weighed on markets.
2. Major Policy Developments
• Strategic Bitcoin Reserve: On March 6, an executive order classified Bitcoin as a national strategic asset, similar to gold.
• Digital Asset Stockpile: XRP, SOL, and ADA were officially added to the U.S. digital holdings list.
• Regulatory Shift: A softer SEC stance, a dedicated Crypto Working Group, and the first national Crypto Summit marked a clear policy pivot.
• Institutional Adoption: Approval of DOGE and XRP ETFs unlocked significant institutional participation.
3. Altcoins & Memecoins Take Center Stage
• Altcoin Season: Ethereum surged to $4,956, with attention rotating into DeFi and RWA narratives.
• Memecoin Boom: Market cap exploded from $20B to $120B+, led by hype on Solana and Base.
• November Flush: A sharp correction erased $5B in a day, leaving memecoins down 66% from their highs.
4. Volatility & Market Pressure
• Tariff Fears: October tariff threats toward China sparked a risk-off move, pushing BTC off its ATH.
• Tech Correlation: Crypto began tracking the Nasdaq more closely, amplifying drawdowns in high-beta assets.
• Policy Letdown: Despite reserve creation, markets reacted negatively to the absence of direct, taxpayer-funded BTC buying.
