Bitcoin Falls in Trump's First 100 Days, Frustrating Bulls

In the first 100 days of Donald Trump's second term, expectations of a bitcoin surge among crypto enthusiasts have not materialized, resulting in disappointment. Despite branding himself as the “crypto president,” Trump's initiatives—such as creating a strategic bitcoin reserve from seized assets—failed to excite investors who hoped for more aggressive crypto-friendly policies. Bitcoin has dropped 10.2% since reaching a record $109,225 on Trump’s inauguration day, with concerns over trade policies and the launch of a Trump-themed meme coin dampening sentiment. However, some regulatory shifts have been seen as promising, including the SEC dropping lawsuits against major crypto firms like Coinbase and Ripple and supporting a crypto working group to develop federal regulation. Experts say these developments may take years to significantly impact markets.