#Crypto Market Rebound#  How did cryptocurrencies spend the first 6 months?

The first 6 months of the year for the cryptocurrency market were marked by price records, moves by the US and President Donald Trump on this issue, and regulatory efforts in Türkiye.
Cryptocurrencies fluctuated in the first half of the year. Bitcoin broke the price record of over $110,000 during this period, but fell below $80,000 in March. Bitcoin, which started the first half of the year at $93,500, closed this period at $107,100. The total value of the market increased from $3.26 trillion to $3.34 trillion during the same period. Unlike Bitcoin, other cryptocurrencies, which are called altcoins, displayed a negative outlook for most of the 6-month period.
TRUMP DRAGGED THE MARKET
The main determinant of pricing in the cryptocurrency market was US President Trump in the first half of the year. Trump, who triggered the rise in cryptocurrencies with his victory in the presidential election, signed the decree regarding the US creating a strategic Bitcoin reserve after taking office on January 20, in line with his promises during the election period.
With this development, Bitcoin was added to US reserves like gold and oil, while investors' interest in exchange-traded funds (ETFs) of the asset also increased. Trump hosted leading figures of the cryptocurrency market, senior executives and investors at the White House in the first half of the year. Thus, the White House hosted the first cryptocurrency summit in its history.
US President Trump also launched a cryptocurrency project called "Trump" during this period. Following President Trump, Argentine President Javier Milei also announced it on his social media account. These assets, which were issued and promoted by heads of state, suffered serious losses during the process.
US ACCELERATED REGULATION EFFORTS
In the US, with Trump's positive approach and the formation of the economic administration by crypto-friendly names, efforts to regulate this ecosystem have accelerated.
The legal regulation regulating stable cryptocurrencies, which are fixed-value crypto assets, was approved by the US Senate. While the regulation in question is expected to be issued this month, Treasury Secretary Scott Bessent announced that they expect interest in US bonds to increase with this law.
CONFLICT PROCESS BROUGHT DECLINE
One of the developments that affected cryptocurrencies in the first half of the year was the conflict process between Israel and Iran. Bitcoin and other assets lost significant value in the process that started with Israel's attacks on Iran. While losses in some altcoin projects exceeded 20 percent during the process, some of the losses were compensated with the ceasefire.
REGULATION EFFORTS GAINED SPEED IN Türkiye TOO
Turkey also accelerated its regulation efforts regarding cryptocurrencies in the first half of the year. With the secondary regulations made during this period, the establishment and operation processes of cryptocurrency exchanges were determined. The application period granted for these exchanges to operate also expired on June 30.
In the last days of June, a "limit" and "time limit" regulation was also made regarding the transfer transactions of crypto assets. With the circular prepared by the Ministry of Treasury and Finance, a daily limit of 3 thousand dollars and a monthly limit of 50 thousand dollars was imposed on the withdrawal transactions of assets also known as "stable crypto money".
In addition, platforms were required to perform the crypto asset withdrawal transactions they mediate at least 48 hours after the purchase, exchange or deposit of this asset.
Treasury and Finance Minister Mehmet Şimşek also stated that they aimed to prevent the rapid transfer of criminal proceeds abroad with the application.
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