Here’s How Much BTC, ETH, XRP Have Dumped Since ‘Crypto President’ Trump Took Office

It’s safe to say that the cryptocurrency market has seen better days. In fact, such days were promised by the current US President, Donald Trump.

And, for some time, they were here. Now, though, we are far behind, with the prices of almost all digital assets trading below his inauguration day and even lower than the pre-election weeks.

Trump’s Major Promises

Remember 2024? It was a highly eventful year, especially when it came down to the presidential election. On one hand, we had Kamala Harris, who was expected to continue many of Joe Biden’s policies, including those against the cryptocurrency industry.

On the other hand, we had Donald Trump. Although his history with bitcoin and co was not very pleasant from his first time in office, he tried to make amends and started praising the asset class. Moreover, he started calling himself the ‘crypto president,’ and attended the largest Bitcoin conference in the US, where he had a passionate speech about BTC and how he would personally fire then-SEC Chair Gary Gensler (even though he can’t really).

Hell, he even paid for a burger in New York with bitcoin. In addition, he made multiple grand promises about how the US will become the global hub for the industry, that all remaining bitcoin should be mined in the States, and that there will be a national BTC strategy reserve.

The community was quickly sold, as they hadn’t seen anything like this in the past. They were used to ignorance or hatred from the White House. Consequently, prominent names from the industry started throwing funds toward his campaign in the hope of a better future for us all.

Reality Check: 18 Months Later

Given his promises, the entire market skyrocketed in the months after Trump’s landslide victory in the elections. The hype was real, but so were the price pumps. Then came the highly controversial launch of two meme coins linked to him and his wife, but we won’t even go down that rabbit hole here. We are only going to mention that they launched just days before his inauguration.

Prices kept pumping, for the most part, excluding the ‘Liberation Day’ fiasco and the mid-year drop, but BTC, ETH, XRP, and many other alts still managed to post new ATHs by October. Things were looking up.

And then it all went down the crapper. The single-largest liquidation day in early October was just the beginning, as BTC kept dropping. Long story short, bitcoin plunged to $59,000 on Friday, which was its lowest position since before the elections. Most crypto assets have done the same, in a more painful manner.

But the numbers since the inauguration – the date that the so-called ‘crypto president’ officially returned to the White House, where he was supposed to fulfill his many promises – are even worse, as the tweet below will show.

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