Quick Take:
- Trump’s national approval rating dips to 39%.
- Market volatility and economic uncertainty weigh on public sentiment.
- Trump’s evolving crypto policies draw both praise and criticism from investors.
Trump’s Approval Rating Slides as Market Uncertainty Deepens
President Donald Trump’s approval rating fell to 39% on April 28, 2025, according to a new poll by National Survey Group, highlighting growing voter unease amid stock market volatility and renewed concerns over U.S.–China trade tensions.
This marks a slight decline from March’s 41% reading, suggesting that recent market swings and economic anxieties are taking a toll on the president’s political standing ahead of a pivotal election year.
Economic Worries and Market Turbulence
Investors and voters alike are grappling with a choppy economic backdrop:
- Stock Market: Dow Jones and S&P 500 indexes have pulled back from all-time highs amid fears of new tariffs and weakening corporate earnings.
- Inflation: Although inflation has cooled, pockets of price pressure persist in housing and energy sectors.
- Job Market: Employment remains robust, but wage growth has plateaued, stirring concerns about consumer spending.
“The market is watching Trump’s economic policies closely — especially regarding tariffs and crypto regulation,” said Janet Lawson, Chief Economist at Liberty Financial.
Crypto Policies Come Under Spotlight
Trump’s stance on cryptocurrency is emerging as a critical issue. His administration has shown mixed signals:
- Pro-Crypto Moves: Trump’s team has advocated for Bitcoin ETF expansions and supported the classification of Bitcoin and Ethereum as commodities.
- Controversial Proposals: Recent talks around implementing strict KYC rules on DeFi platforms have drawn backlash from crypto advocates.
Crypto markets initially rallied after Trump signaled openness toward integrating Bitcoin into the U.S. financial system but pulled back after hints of tighter regulatory oversight surfaced.
How Approval Ratings Could Impact the Markets
Political analysts warn that sustained low approval ratings could lead to increased policy volatility as Trump seeks to shore up voter support.
Historically, lower approval ratings have correlated with higher market volatility, particularly during periods of legislative uncertainty. Investors are now bracing for potential executive actions related to tariffs, fiscal stimulus, and cryptocurrency regulation in the coming months.
Key Numbers to Watch
- Trump National Approval: 39% (Down from 41% in March)
- Market Volatility Index (VIX): +8% week-over-week
- Bitcoin Price: $62,800 (-2.5% from last week)
Investor Outlook: Proceed With Caution
With financial markets on edge and crypto regulations in flux, traders and investors are advised to tread carefully. While Trump’s pro-crypto rhetoric may support long-term sector growth, near-term volatility driven by political headlines could create sharp swings across equities and digital assets alike.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Mihajlo Tošić is a content writer specializing in iGaming, crypto, and Web3. He focuses on clear, direct writing that helps brands explain, sell, or promote what they do — without overcomplicating things.
