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Trump EO, markets uh-oh š
Amid another bad day for crypto prices, there's some potentially good news about Trump's next executive order.
James Rubin
March 10, 2025
Together with:
š What you need to know
Digital asset investors disliked Donald Trumpās refusal to rule out a recession, even amid reporting from Decrypt that the president intends to sign an executive order ending crypto debanking.
Investors resumed their recent, fretful flight from Bitcoin and other risk-on assets Monday amid disturbing economic signs, a chaotic government downsizing program led by Elon Musk, the looming prospect of a trade war, and other geopolitical unrest.
During early afternoon Monday trading, the largest cryptocurrency fell briefly below $77,500, its lowest level in more than four months before recovering lost ground to regain $79,000. Other major coinsāincluding Solana, Cardano, and XRPāalso changed hands well in the red. Solana traded at $116 at one point, its lowest level in over a year, as meme coin traders continued to disappear, while liquidations surged.
Long story short? Investors hate uncertainty.
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āIn my view, it was a mistake for the Commission to link together regulation of the Treasury markets with a heavy-handed attempt to tamp down the crypto market.ā
