Trump’s Approval Rating Hits New Lows, with over $19 billion crypto liquidated in 24 hours

9 days ago

If you're a holder of any of the major crypto tokens, you have felt the impact of Trump's policies on crypto prices.

His policies regarding tariffs have had the biggest negative impact in economies and finance.

An update on the approval rating of President Donald Trump’s shows his numbers plummeting all the way to 40%. His leadership is now disapproved of by 56% of Americans and it’s really easy to see why. As mentioned earlier there's a high chance you're experiencing disappointments or even all time lows of your financial holdings, especially cryptocurrency.

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The recent decisions of the president have rocked the economy and deepened political division like never before.

One of the most prominent decisions that prompted this backlash was Trump's proposal to raise 100 percent tariffs on Chinese goods. The ripple effect of this was felt across world markets, where 1.6 million crypto traders were liquidated within a day and about $19.33 billion in cryptos positions got wiped out.

If you're a Hive crypto holder like myself, it has hit an all time low that I haven't experienced before.

Bitcoin and other cryptocurrencies tumbled because more holders were uncertain about what could happen in the near future with all these decisions the president is making that could have a negative impact on their financial assets.

If you’re wondering why crypto is such a rollercoaster and it seems to be going on a downward trip, well, this is part of the reasons.

But the danger is not limited to the economy alone. Trump’s approach to political issues, such as his goal to militarize law enforcement, sending National Guard troops to states against the wishes of local leadersand weaponizing political power to seek revenge is just deepening divisions in the country.

An independent HarrisX poll has his approval at 46 percent, but a sitting president with numbers like these is very clearly presiding over a country that is increasingly doubtful about his leadership and credibility.

Americans are angry, of course, the world at large is too. When decisions like these begin to affect citizens’ daily lives, be it the price of goods or markets’ volatility, it’s hard to have optimism about leadership. What Trump’s approval rating says is that, good leadership isn’t just about being able to make bold moves like tariffs or big promises like America will be great if their business are run on American soil, it’s the ability to hold trust.

As things stand, it is difficult to see how Trump can manage to change course, especially when his policies appear to be doing more harm than good to the people of America and to the rest of the world.

Whether he can win back what’s been lost to him, however, it's only time that'll show but as of now, the public is certainly losing confidence.