The cryptocurrency market has had a mixed reaction to Donald Trump's presidency. Initially, investors saw his pro-crypto stances as positive, but there has been a lack of clarity on regulatory changes. The controversial launches of memecoins by Trump and the First Lady caused investor confidence to shake. On March 2, Bitcoin surged to $94,000 after Trump announced the creation of a strategic cryptocurrency reserve. However, Trump's announcement of new tariffs on China, Canada, and Mexico on March 4 caused a sell-off in risk assets, leading to an $80 billion loss in the crypto market in a day. Since Trump's second term started, Bitcoin has not made significant gains, with an 11.54% drop from January 20. A $1,000 investment on that day would now be worth $884.60, resulting in a net loss. In contrast, a $1,000 investment made on the day of the election would have seen a 31.19% surge, resulting in a $311 gain. Trump is set to reveal a strategy for his Bitcoin reserve at the White House Crypto Summit on March 7, which could set the tone for the cryptocurrency market.



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