this weekend have condemned Israel’s decision to block their plans.
Trump’s favourable view of cryptocurrency and his family’s heavy involvement in the industry is raising concerns about the integrity of Trump’s administration and how he is using his influence as president of the United States.How has Bitcoin performed under Trump?
Over the past week, Bitcoin reached an all-time high of $111,970, marking a 2.6 percent increase from its previous Inauguration Day peak of $109,114.Since Donald Trump’s re-election in November 2024, Bitcoin has surged 60 percent, rising from about $69,539 at close on Election Day to its current record level.The cryptocurrency briefly dropped below $90,000 on February 25, amid market jitters triggered by Trump’s announcement of new tariffs on multiple countries and industries worldwide, before recovering.
What were the policies during the Biden administration?During the Biden administration, government policy on cryptocurrency was mixed, with a plethora of lawsuits brought against crypto firms by then Securities and Exchange Commission (SEC) chair Gary Gensler, who has been replaced under the new Trump administration. There were also major moves to adopt cryptocurrency, with the SEC approving 11 spot Bitcoin ETFs in January 2024.
In 2022 and into 2023, the crypto market faced major drawdowns following the implosion of Bahamas-based cryptocurrency exchange FTX in 2022 and the regional banking crisis in early 2023. This led to the Federal Reserve Board releasing statements to banks on the risks of crypto assets, which it has recently withdrawn.
What are Trump’s crypto policies?, which other aid groups say could violate humanitarian principles and militarise the delivery of desperately needed food. The Gaza Government Media Office said this week that at least 10 Palestinians had been killed by Israeli forces while trying to get aid.
“We went to this new area and we came out empty-handed,” resident Layla al-Masri said of a new GHF distribution point. “What they are saying about their will to feed the people of Gaza are lies. They neither feed people nor give them anything to drink.”Another displaced Palestinian, Abdel Qader Rabie, said people across the besieged territory have nothing left to feed their families. “There’s no flour, no food, no bread. We have nothing at home,” he said.
Rabie said that every time he tries to get a box of aid at the GHF, he is swarmed by hundreds of other people trying to get it. “If you are strong, you get aid. If you are not, you leave empty-handed,” Rabie added.There are also other risks. Families have reported that people have gone missing after reaching GHF distribution points.