13.01.202620:02 Forex Analysis & Reviews: Trump's Policies Push Away Rather Than Help

According to Charles Hoskinson, the founder of Cardano, the Trump presidency did not help the cryptocurrency industry; on the contrary, it dealt a tangible blow to its reputation by turning cryptocurrencies from an innovative financial instrument into an object of political speculation. Hoskinson believes that the president's actions and rhetoric related to cryptocurrencies during that period transformed them into a tool for political speculation and manipulation. The launch of meme coins associated with the names of Trump and his wife set a precedent in which digital assets are used for political gain, which he considers unacceptable.

Hoskinson emphasized that meme coins, which often have no real underlying value or technology, have undermined investor confidence—especially among those who are just beginning to explore the crypto market. According to him, such projects create the illusion of easy profits, attracting speculators and diverting attention away from serious crypto projects focused on long-term development.

The politicization of cryptocurrencies, in Hoskinson's view, has also led to serious regulatory challenges. He believes that the emergence of meme coins and their association with political figures has made it more difficult to achieve bipartisan consensus on the legal status of cryptocurrencies. As a result, the industry has come to be perceived as a tool for enriching individual politicians, which in turn has alienated a significant portion of the U.S. population.

In conclusion, Hoskinson expressed concern that many Americans now associate cryptocurrencies with corruption and political manipulation. This, in his opinion, could cause the country to miss out on opportunities related to the development of blockchain technologies and digital assets, allowing it to fall behind other nations that take a more balanced approach to regulating the industry.

Trading Recommendations

Bitcoin – Technical Outlook

From a technical perspective, buyers are currently targeting a reclaim of the $92,100 level, which would open a clear path toward $93,400, and from there it would be only a short step to $95,000. The furthest upward target is the high near $97,400; a breakout above this level would signal attempts to restore a bullish market.

In the event of a decline in Bitcoin, buyers are expected to step in around $90,500. A move back below this area could quickly push BTC down toward $88,700, with the furthest downside target located near $86,300.

Ethereum – Technical Outlook

For Ethereum, a clear consolidation above the $3,154 level would open a direct path toward $3,229. The furthest upward target is the high near $3,297, a breakout above which would signal strengthening bullish sentiment and renewed buyer interest.

If ETH declines, buyers are expected around the $3,072 level. A move back below this area could quickly drive ETH down toward $2,997, with the furthest downward target near $2,887.

What's on the Chart

• Red lines — support and resistance levels, where price is expected to either slow down or accelerate;
• Green line — 50-day moving average;
• Blue line — 100-day moving average;
• Light green line — 200-day moving average.

Crossings or tests of moving averages typically either halt price movement or provide the market with new momentum.