On April 20, 2025, prominent cryptocurrency analyst Michaël van de Poppe shared his insights on the impact of President Donald Trump’s policies on the cryptocurrency market via a tweet. He observed that the expected market “pump” anticipated by many investors had not materialized during the initial three months of Trump’s presidency.
Van de Poppe pointed out that while Trump has been fulfilling his campaign promises, these actions have yet to produce a direct positive effect on the cryptocurrency market.
He forecasts that once the prevailing tariff-related uncertainties are resolved, the business cycle will take hold, potentially propelling cryptocurrency prices to unprecedented levels.
This analysis was shared when Bitcoin was valued at $65,432.12, with a 24-hour trading volume of $23.5 billion, as of 10:00 AM EST on April 20, 2025. The tweet was also released amidst a period of considerable market volatility, with Ethereum experiencing a 5% price decline to $3,210.50 within the same 24-hour timeframe (Source: CoinGecko).
The trading implications of Van de Poppe’s analysis are substantial. Investors who had anticipated a rapid “pump” driven by Trump’s policies may need to reassess their strategies. The prevailing market sentiment, as indicated by the Crypto Fear & Greed Index, registered at 45 (neutral) on April 20, 2025, suggesting a cautious approach among traders.
The absence of an immediate positive impact from Trump’s policies has resulted in a slight reduction in trading volumes across major exchanges. For example, Binance reported a 10% decrease in Bitcoin’s trading volume to $5.2 billion on April 20, 2025, compared to the previous day.
This indicates that traders are adopting a wait-and-see stance until greater clarity emerges regarding the tariff situation and its potential repercussions on the broader economy and, consequently, the cryptocurrency market.
Furthermore, the correlation between Bitcoin and the S&P 500 has weakened, with a 30-day correlation coefficient dropping to 0.25 as of April 20, 2025 (Source: CryptoQuant).
From a technical analysis perspective, Bitcoin’s price action on April 20, 2025, revealed that it was trading below its 50-day moving average of $67,890.23, which suggests potential short-term bearish momentum.
Bitcoin’s Relative Strength Index (RSI) stood at 42, indicating a neutral position, neither overbought nor oversold, and suggesting a possible phase of consolidation.
In contrast, Ethereum was trading above its 200-day moving average of $3,100.75, which could be interpreted as a bullish signal for long The trading volume for Ethereum on Coinbase was $1.8 billion on April 20, 2025, a 7% increase from the previous day, indicating some level of buying interest despite the price decrease (Source: Coinbase).
On-chain metrics for Bitcoin showed a decrease in active addresses to 850,000 on April 20, 2025, down from 900,000 the previous week, suggesting a decline in network activity.
These technical indicators and volume data provide traders with crucial insights into potential market movements, aiding in the formulation of trading strategies.
Regarding AI-related developments, there has been no direct impact on AI tokens resulting from Trump’s policies as of April 20, 2025. However, the broader market sentiment influenced by these policies could indirectly affect AI-related cryptocurrencies.
For instance, the AI token SingularityNET (AGIX) experienced a 2% increase in trading volume to $120 million on April 20, 2025, potentially due to general market fluctuations rather than specific AI-related news.
The correlation between AGIX and Bitcoin was 0.65 on April 20, 2025, indicating a moderate positive relationship. This suggests that while AI tokens may not be directly driven by Trump’s policies, they remain susceptible to the overall market dynamics influenced by these policies.
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Traders seeking opportunities in the intersection of AI and cryptocurrency should closely monitor these correlations and volume changes to potentially capitalize on market shifts.
Frequently asked questions regarding the impact of Trump’s policies on the cryptocurrency market include: How have Trump’s policies affected cryptocurrency prices so far? As of April 20, 2025, there has been no direct positive impact from Trump’s policies on cryptocurrency prices, with Bitcoin trading at $65,432.12 and Ethereum at $3,210.50.
What should traders do in response to the current market conditions?
Traders should consider holding off on making significant moves until more clarity emerges regarding the tariff situation, as indicated by the 10% drop in Bitcoin trading volume on Binance to $5.2 billion on April 20, 2025.
How are AI tokens affected by these policies?
AI tokens like SingularityNET (AGIX) have not been directly impacted by Trump’s policies but are influenced by general market sentiment, with AGIX seeing a 2% increase in trading volume to $120 million on April 20, 2025.
