How does Trump influence the price of Bitcoin?

US President Donald Trump has influenced cryptocurrency market movements through his policies and speeches declaring ambitious crypto goals.

Over the weekend, US President Donald Trump announced a raft of new tariffs in response to a Supreme Court decision that ruled many of his previous tariff hikes unconstitutional.

Following news of the tariff hikes, crypto markets tumbled in an all-too-familiar pattern that has plagued the industry since April 2025, when Trump introduced the first spate of aggressive tariffs.

Analysts have long noted the downward pressure these tariffs have put on crypto markets. But the US’ 47th president also has the distinct ability to pump markets.

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