eToro

While Trump’s return to the White House initially coincided with bitcoin pushing to new record highs, that early optimism has faded. Expectations of lighter regulation and a more industry-friendly stance have yet to translate into sustained upside, with bitcoin down nearly 20% over the past three months. Investors have quickly learned that supportive rhetoric alone is not enough—particularly in a market now driven by macro forces rather than internal crypto narratives. Bitcoin is behaving less like a political trade and more like a high-liquidity risk asset, responding primarily to dollar ...