U.S. Bitcoin ATM count drops despite ‘pro-crypto presidency’
The cryptocurrency community welcomed Donald Trump’s re-election as promised to help bolster the position of digital assets in the U.S., ending the practice of ‘regulation by enforcement,’ and even establishing a national strategic reserve. The initial months of the actual presidency stood in stark contrast and can generally be best described as a ‘mixed bag.’ Though President Trump ushered in a more crypto-friendly SEC and the Department of Justice (DoJ) is winding down its digital assets operations, the administration has hardly been lucrative for traders. One of the metrics showing the deteriorating situation is that the number of Bitcoin (BTC) ATMs has been dropping in the U.S. through the first quarter (Q1) of 2025. At the beginning of the year, there were 30,119 such machines, while, at the end of Q1, there were 185 fewer: 29,934, as per data retrieved from Coin ATM Radar and highlighted in Finbold’s Q1 2025 Cryptocurrency Market Report. Furthermore, April prove...