Is Trump dictating the market?

[Sanitough]

I mean, just look at what happened, when he announced the tariff, Bitcoin dumped hard because people speculated that it would cause inflation, limiting investment capacity. We saw a major sell-off for days. Then, last night, Trump suddenly posted about crypto becoming part of the U.S. national reserve, and Bitcoin instantly bounced back like nothing happened.

If this trend continues, it seems like the market is reacting directly to whatever Trump says which could mean his influence is stronger than we thought when it comes to crypto.

What do you guys think? Is my observation valid, or am I just overthinking it?

[fruktik]

I mean, just look at what happened, when he announced the tariff, Bitcoin dumped hard because people speculated that it would cause inflation, limiting investment capacity. We saw a major sell-off for days. Then, last night, Trump suddenly posted about crypto becoming part of the U.S. national reserve, and Bitcoin instantly bounced back like nothing happened.

If this trend continues, it seems like the market is reacting directly to whatever Trump says which could mean his influence is stronger than we thought when it comes to crypto.

What do you guys think? Is my observation valid, or am I just overthinking it?

Right now, it's simply impossible to trust Trump's words. Well, look at what he says and does. He has seven Fridays in a week. A populist who came to power in order to avoid prison time and criminal prosecution. All of America is already on its ears from his antics. Not that he suddenly decided to create a bitcoin reserve. Well, yes, maybe something will work out, but that's not certain. I will emphasize once again that he may be impeached in the near future, and this will lead to the entire crypto world shaking from side to side.

I just read the news that at an Eminem concert, the artist chanted "Fuck Trump" along with the audience. In the short period of his reign, this character has pissed everyone off to the maximum. There is a high probability that the states will be overwhelmed by large-scale protests, which will ultimately lead to the resignation of the current president.

[alicent]

I mean, just look at what happened, when he announced the tariff, Bitcoin dumped hard because people speculated that it would cause inflation, limiting investment capacity. We saw a Block Blast major sell-off for days. Then, last night, Trump suddenly posted about crypto becoming part of the U.S. national reserve, and Bitcoin instantly bounced back like nothing happened.

If this trend continues, it seems like the market is reacting directly to whatever Trump says which could mean his influence is stronger than we thought when it comes to crypto.

What do you guys think? Is my observation valid, or am I just overthinking it?

Trump's influence is real and amplified by his presidency and policy teases, but it’s not total control, broader economic vibes and crypto’s own trends still shape the bigger picture. It’s probably a mix of his loud voice and a hyped-up post-election phase, just not the whole story yet.

[Catenaccio]

I mean, just look at what happened, when he announced the tariff, Bitcoin dumped hard because people speculated that it would cause inflation, limiting investment capacity. We saw a major sell-off for days. Then, last night, Trump suddenly posted about crypto becoming part of the U.S. national reserve, and Bitcoin instantly bounced back like nothing happened.

He is a very experienced business entrepreneur and he is good at manipulating psychology of other in business deals. We can see it in his famous "The Apprentice" Television show years ago. We can recognize it through his first President term 8 years ago when his statements created considerable changes in stock markets and oil market. What he has been doing recent weeks after taking over the White House don't surprise me too much.

If this trend continues, it seems like the market is reacting directly to whatever Trump says which could mean his influence is stronger than we thought when it comes to crypto.

What do you guys think? Is my observation valid, or am I just overthinking it?

In short term, his statements will have big effects on the market, but in long term, the market and the crowd will become more familiar with it, and effects will be smaller. His statements are kind of news and FUD and we know that with similar either positive or negative news, fud, their effects will not be the same forever.

[FortuneFollower]

It's a clear manipulation.

Sure, the price pumped - but it will as easily fall toward where we were previously if not more.

Just wait and see it 

[Solosanz]

Yes your observation is valid because when Bitcoin dump, I saw many posts about Trump tariff even though he imposes the tariff since February 1, which mean people react based on the hype instead of the actual thing.

Similar like this one, there's nothing happened, but since Trump talk about crypto or Bitcoin, people are taking it seriously.

There was a news that Trump will impose new tariff to be launch tomorrow, we can expect tomorrow will dump https://www.reuters.com/world/americas/trump-says-mexico-canada-tariffs-take-effect-march-4-2025-02-27/

Right now, it's simply impossible to trust Trump's words.

@OP is asking a simple question, it's a yes or no, he didn't ask will Trump proves his promise.

[hero_the_bossman]

Yes, he has influence over the sentiment due to his "allegiance" to crypto, per se - but it's all a manipulation, not a healthy behavior, in my opinion.
And the price may bounce back to where we were pretty soon.

[Davidvictorson]

If this trend continues, it seems like the market is reacting directly to whatever Trump says which could mean his influence is stronger than we thought when it comes to crypto.

What do you guys think? Is my observation valid, or am I just overthinking it?

I do not believe in one person. By one person, I do not believe that one that one person has the power to cause an upward shift or downward shift in the price of bitcoin. Bitcoin is above the control of one person. There are numerous factors, macro and micro economics at play. Don't ask me to explain as I don't know how, but I just know there is. Trump's comment and bitcoin's upwards price movement is just a coincedence. Finally, if one person has the power to cause an upward shift or downward shift in the price of bitcoin, then bitcoin is FUCKED. What happens when he is having a bad day and makes a comment about bitcoin. You get it now.

[_act_]

I do not believe in one person. By one person, I do not believe that one that one person has the power to cause an upward shift or downward shift in the price of bitcoin.

But Trump just did it. He used increase in China, Canada, Mexico and EU import tariff to fall the market and use cryptocurrencies to be included in the national reserves to increase the market yesterday. Maybe we should just call this manipulation. I did not like Elon Musk in the past because of something like this. But Trump is the United States president. News from US can cause something like this also. I hope the man is not using it for his own advantage.

[franky1]

seriously the OP's observations are limited

the initial dump was due to reactions of a hack from bybit exchange... not trump tariffs
(i think OP has some love idol obsession of watching trump and wanting trump to be the cause of everything)

yes this pump in the last 24 hours was reaction to trump mentioning bitcoin reserve. but thats just trumpette fangirls getting excited... as you can see within hours the pump is slowly calming down and resetting

true market events have more substantial changes to market that then lock-in
(EG the halving changed price and we havnt gone below $70k again)

however, social media reactions happen quick then die down and reset
(EG trump talk/something on social media goes viral: cause a 10% change that then resets back to norm)

if trump was dictating the market then it would be a continual thing that lasts more then a few hours

these temporary events purely show we have alot of emotional traders currently(newbies) that cant control themselves. very reactionary and dont know better.
usually those types of traders dont last long, lose out quick. and markets then doesnt react to social media as much for longer periods
(they learn the hardway the word 'patience' and they turn off their notifications after seeing their doctor for anxiety meds)

..
trump is not the one sat at some exchange terminal throwing money at some price shouting "burn baby burn"
its his emotional fan girls who will eventually have a hernia, lose their stash and then silently slip away into a pit of anxiety med addiction
(much like traders of years past who are emotional and havnt heard of "switch off notifications")

[ChiBitCTy]

Not dictating but manipulating, yes, he is.   Now to what extent that is malice, I am of course not so sure. I don’t trust him like I don’t trust really any of the world leaders.

He’s got a lot of rich friends who he would love to help make even more rich, especially those who donated countless millions of dollars to his political campaign to become president once again. Sooo we will see I guess

[AVE5]

What do you guys think? Is my observation valid, or am I just overthinking it?

If you ask me who then will I ask knowing that Speculations in their crypto space haven't been easy to see any authenticated. 😁.
But if I must say, I'm in same spot with you because I've times come to observe that every atomeof Trump's contributions to bitcoin has not only be influential but also manifesting accordingly.
His single headed influence has as well made me believed that truly the crypto markets can be manipulated and obviously Trump has proven it on different events following his political personalities.

[Kelward]

I do not believe in one person. By one person, I do not believe that one that one person has the power to cause an upward shift or downward shift in the price of bitcoin.

But Trump just did it. He used increase in China, Canada, Mexico and EU import tariff to fall the market and use cryptocurrencies to be included in the national reserves to increase the market yesterday. Maybe we should just call this manipulation. I did not like Elon Musk in the past because of something like this. But Trump is the United States president. News from US can cause something like this also. I hope the man is not using it for his own advantage.

From this recent development it is clear that a powerful figure can influence Bitcoin price, we all saw what happened, Trump, made a comment and it rallied Bitcoin price. We can choose to call it manipulation or anything else but realty is that the impact on price is more than mere coincidence. The good thing however is that any manipulation is always on the short term because Bitcoin is decentralized, no single event can influence it for a long time. People have been speculating that if Trump, lives up to his promise of Bitcoin reserve that it'll cause price to skyrocket and that means that Trump can influence price on the short term

[Alpha Marine]

I do not believe in one person. By one person, I do not believe that one that one person has the power to cause an upward shift or downward shift in the price of bitcoin. Bitcoin is above the control of one person. There are numerous factors, macro and micro economics at play. Don't ask me to explain as I don't know how, but I just know there is. Trump's comment and bitcoin's upwards price movement is just a coincedence. Finally, if one person has the power to cause an upward shift or downward shift in the price of bitcoin, then bitcoin is FUCKED. What happens when he is having a bad day and makes a comment about bitcoin. You get it now.

It's not the person but the position. If Trump weren't president, his words wouldn't hold much weight because there's nothing he can do. If any president of America says something like having a Bitcoin reserve, the market will react accordingly.
The difference between Trump and other leaders of America is that the other realise that their words have weight and meaning so they don't say whatever it is they feel like saying. Trump says whatever, whenever, wherever without even thinking about the consequences and this has caused more problems than solutions but it's something his fans and supporters always make excuses for.

I believe the actions or statements of one person can have an effect on bitcoin, but not a huge effect. If Michael Salor announces that he's selling off a huge part of his bitcoin, that will most likely affect the price, but the good thing about the bitcoin market is that it always corrects itself. When there is a price dip or pump based on a rumur, it corrects itself in no time

[hero_the_bossman]

If you ask me who then will I ask knowing that Speculations in their crypto space haven't been easy to see any authenticated. 😁.
But if I must say, I'm in same spot with you because I've times come to observe that every atomeof Trump's contributions to bitcoin has not only be influential but also manifesting accordingly.
His single headed influence has as well made me believed that truly the crypto markets can be manipulated and obviously Trump has proven it on different events following his political personalities.

Trump is a wild card.
One day he says something about reserves, the other - making some tariff wars to get the market to plummet.

[franky1]

From this recent development it is clear that a powerful figure can influence Bitcoin price,

actually these big influencers dont affect the price.. in bitcoins 15 year history we have seen waves of newbies come with their emotions and their idol they love

its these newbie emotional traders that are parasitic and suckling on every word of a influencer, and then the newbie trader causes a pump and dump.

after a few months, the emotional newbies learn their lessons hard, and become less emotional and suddenly the social media virility doesnt affect them thus doesnt affect the market.. until a new tranche of newbies with their favourite idol pops up causing new waves of temporary drama that doesnt last

these guys below are the very example of the social media notification emotional trumpette gang that know no better...
the drop was caused by a bybit exchange hack... not tariffs
by these people below thinking its 100% trump just shows where their eyes and heart are directed at, where their sources are limited to trump notifications.
they want every event to be trump, but not all events are, but they will ignore real reasons to then make it want to be about trump

I mean, just look at what happened, when he announced the tariff, Bitcoin dumped hard

I saw many posts about Trump tariff

But Trump just did it. He used increase in China, Canada, Mexico and EU import tariff to fall the market

making some tariff wars to get the market to plummet.

lets get it straight: the tariffs did not, in the real world, activate at such a date.
the tariffs were not mentioned in social media only on one date.. but multiple times before and after..

however the bybit hack shows actual market influence and happened at a actual date..

so if the only thing you could find on your notifications was "trump said" then it shows your notification settings are bias to be trump centric..
... expand your knowledge. follow other sources of information. if your notifications only ping to trump.. realise your problem.

[Zigabel]

You have a very valid observation,  before, during and even after the elections,  Trumps statements especially on crypto, most often reflected on the market and recently I've observed that so many persons even based their bias on Trump's moves or statements and the react accordingly.  

The Influence of the country of which he's the president is another compelling factor that may have a way of Influence on all of this, Trump as an Individual may not influence the market that much but bringing in the US government is enough to command attention and sufficient reason enough for man to pay attention to and react accordingly.

[fikrett]

You have a very valid observation,  before, during and even after the elections,  Trumps statements especially on crypto, most often reflected on the market and recently I've observed that so many persons even based their bias on Trump's moves or statements and the react accordingly.  

The Influence of the country of which he's the president is another compelling factor that may have a way of Influence on all of this, Trump as an Individual may not influence the market that much but bringing in the US government is enough to command attention and sufficient reason enough for man to pay attention to and react accordingly.

It's insane what a sentiment can do to the community and investors alike.
I do hope that all of this noise will be turned into something that can be seen and witnessed in the end, though, regarding the reserves especially.

[Swapter.io]

Trump manipulates the market through regulation, economic policy, and geopolitics. If he eases regulations and weakens the dollar, it could boost crypto growth

[fuguebtc]

I do not believe in one person. By one person, I do not believe that one that one person has the power to cause an upward shift or downward shift in the price of bitcoin. Bitcoin is above the control of one person. There are numerous factors, macro and micro economics at play. Don't ask me to explain as I don't know how, but I just know there is. Trump's comment and bitcoin's upwards price movement is just a coincedence. Finally, if one person has the power to cause an upward shift or downward shift in the price of bitcoin, then bitcoin is FUCKED. What happens when he is having a bad day and makes a comment about bitcoin. You get it now.

Bitcoin is a decentralized currency but at the end of the day it is also a financial market and is mostly traded on centralized platforms and depends on cash flow . Meanwhile, the US president is considered the most powerful person in the world, his every statement or action has a strong impact on any field, organization or individual in the world . Bitcoin is not so perfect that it can get away with those things, we should accept the reality instead of fooling ourselves .

In fact , this is a market that has been manipulated for a long time, not just the US President can manipulate. I believe you and everyone realizes that but many people deliberately deny it because people consider bitcoin a cult .