Golden Finance reports that according to CNN, US President Trump recently convened a cabinet-level meeting. This move has drawn particular attention against the backdrop of the current complex and volatile global financial market situation, especially the severe turbulence in the cryptocurrency market.
During his tenure, Trump has always had a unique and highly influential decision-making style in economic and financial policies. Previously, he has been very active in the cryptocurrency field. He once announced the promotion of the cryptocurrency strategic reserve plan, incorporating Bitcoin, Ethereum, Ripple (XRP), Solana (SOL), and ADA into the national reserve framework, and signed an executive order to establish a strategic Bitcoin reserve. At the cabinet meeting on February 26th, he also mentioned economic decisions such as imposing a 25% tariff on the European Union. His series of remarks and decisions often have a significant impact on the financial market.
The convening of this cabinet meeting is speculated by the market to be related to the current complex economic situation and the turmoil in the cryptocurrency market. On the one hand, problems such as the slowdown of global economic growth and inflationary pressure continue to plague various countries, and the US economy cannot remain unscathed either. Under this macroeconomic background, the Trump administration may discuss response strategies, including trade policies, fiscal stimulus measures, etc., and the adjustment of these policies will undoubtedly have a profound impact on the financial market. On the other hand, the cryptocurrency market has recently suffered a heavy blow. BTC dropped below $104,000, with a 24-hour decline of 4.41%. In the past hour, the entire network was liquidated by $225 million, making long position liquidation the harded-hit area. Trump’s previous change in attitude towards cryptocurrencies and a series of supportive measures have raised market expectations for his subsequent actions in terms of regulation and support for the cryptocurrency market.
From historical experience, Trump’s decisions have had a significant impact on the cryptocurrency market. For instance, when he expressed his support for cryptocurrencies and pushed for the relaxation of relevant regulations, the prices of cryptocurrencies such as Bitcoin experienced significant fluctuations. In February 2025, after Trump announced that some digital assets would be included in the new US cryptocurrency strategic reserve, the prices of cryptocurrencies such as Bitcoin soared at one point, with Bitcoin rising by more than 10% and Ethereum by over 14%. But when he makes remarks such as tariff threats that may affect economic stability, cryptocurrencies led by Bitcoin will plunge sharply again.
For the currently troubled cryptocurrency market, the direction of Trump’s decisions at this cabinet meeting is of vital importance. If the discussion results of the meeting tend to further support the development of the cryptocurrency industry, such as promoting the introduction of more favorable regulatory policies and increasing support for cryptocurrency innovation projects, it may boost market confidence, attract capital to flow back, and alleviate the current sharp decline in the cryptocurrency market. Conversely, if the meeting’s decisions are not conducive to the cryptocurrency market, such as strengthening regulation or restricting cryptocurrency trading, it may further intensify market panic and cause cryptocurrency prices to continue to fall.
In the current complex and volatile market environment, both cryptocurrency investors and related enterprises need to closely monitor the developments of the Trump cabinet meeting and the subsequent policy trends, and promptly adjust their investment strategies and business decisions to address potential market risks and opportunities.
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