Partly due to a bearish turn in sentiment, bitcoin was down 10.2% from its level a day ahead of Trump’s inauguration day on Jan. 20. It was on that day that bitcoin hit a record

Trump’s victory was seen as Crypto’s victory due to his pro-crypto initiative. To that end, the first 100 days were meant to help the crypto industry. However, Trump’s trade war with the rest of the world has had the most immediate effect on crypto markets.