Crypto market deepens trader confusion following Trump's inauguration

Crypto trader Sykodelic expressed confusion in a post on X about the ongoing crypto market decline, despite favorable policies from the U.S. government and President Donald Trump. According to Cointelegraph, many had predicted Bitcoin would strengthen after Trump's election victory, with speculation about the U.S. establishing a national Bitcoin reserve. However, Bitcoin is currently trading below $100,000, defying expectations of a price surge that would lead to an altcoin season. This occurs amid Trump's tariff strategy, currently paused for Canada and Mexico but still applied to certain Chinese goods.