Odaily News K33 Research, an analysis agency, said that the crypto market in the summer of 2025 may be different from previous years, mainly due to the impact of a number of policies promoted by former US President Trump. Trump has previously signed an executive order to establish a strategic Bitcoin reserve and a digital asset reserve, aiming to position the United States as a global leader in cryptocurrency. The strategic reserve is mainly composed of Bitcoin confiscated by the Treasury Department, which is not expected to be sold but held for a long time as a national reserve asset. Although the initial market reaction was flat, with Bitcoin prices remaining between $77,000 and $87,000 for most of April, analysts believe that this policy may promote institutional investor participation in the long run, forming a "flywheel effect" and accelerating industry growth.
K33 research director Vetle Lunde and senior analyst David Zimmerman said in a report released on Tuesday: "There are few completely satisfactory explanations for the return seasonality we observe, but the holiday effect and tax deadlines may be a key factor affecting performance. In addition, there are generally fewer catalysts in the summer than at other times of the year. At present, Trump's actions affect the overall market trend; his actions affect risk tolerance and distort future expectations. In the future, cryptocurrencies will face multiple positive factors promoted by Trump, while the stock market may face tariffs again-all of which will lay the foundation for Bitcoin's relative strength in the coming months." (The Block)