Cryptocurrency Market Sheds $760 Billion After Trump Entered White House
After Donald Trump defeated his Democratic rival Kamala Harris at the polls in November, the US stock and the cryptocurrency markets kick-started a bull run. Investor’s enthusiasm reached a peak as Trump is known as a successful businessman who can turn the nation’s finances around. Leading cryptocurrencies like Bitcoin, Shiba Inu, Ethereum, Cardano’s ADA, and XRP, among others all hit new yearly highs.
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Even the DXY index, which measures the performance of the US dollar hit a high of 109.40. On the heels of Trump’s inauguration, market activity was brimming higher as the cryptocurrency market soared in value. Trump made several positive statements about Bitcoin, blockchain technology, and the cryptocurrency markets in general. He also appointed crypto-friendly leaders to top cabinet positions indicating that a bull run is on the cards.
Also Read: Ripple: XRP Price Prediction For April End 2025
After Trump Reclaimed the White House, Cryptocurrency Market Lost $760 Billion
Three months after Trump took over the White House, the broader cryptocurrency market has lost a total value of $700 billion. Before Trump took oath, the overall market cap of the cryptocurrency market stood at $3.46 trillion on January 1, 2025. As of Tuesday, April 22, 2025, the same market cap has plunged to $2.7 trillion. That’s a total loss of more than 760 billion in less than four months since Trump became President.
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Not just the cryptocurrency market, but even the US stock market has been on a decline since he took office in January. The global stock markets also remain on a slippery slope as trade wars and tariffs have caused uncertainty. The 90-day tariff pause has given the markets a breath of fresh air but the cloud could burst in July.
If Trump does not scrap the tariffs imposed on 185 countries in July, the cryptocurrency market could fall further. The global economy is now walking on a tightrope and investors are cautious about taking an entry position. If the global funds dry up, it could take a longer time to recover from the mess of the trade wars.
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Cryptocurrency Market Sheds $760 Billion After Trump Entered White House
After Donald Trump defeated his Democratic rival Kamala Harris at the polls in November, the US stock and the cryptocurrency markets kick-started a bull run. Investor’s enthusiasm reached a peak as Trump is known as a successful businessman who can turn the nation’s finances around. Leading cryptocurrencies like Bitcoin, Shiba Inu, Ethereum, Cardano’s ADA, and XRP, among others all hit new yearly highs.
Also Read: De-Dollarization Reaches European Shores: EU Questions US Dollar Usage
Even the DXY index, which measures the performance of the US dollar hit a high of 109.40. On the heels of Trump’s inauguration, market activity was brimming higher as the cryptocurrency market soared in value. Trump made several positive statements about Bitcoin, blockchain technology, and the cryptocurrency markets in general. He also appointed crypto-friendly leaders to top cabinet positions indicating that a bull run is on the cards.
Also Read: Ripple: XRP Price Prediction For April End 2025
After Trump Reclaimed the White House, Cryptocurrency Market Lost $760 Billion
Three months after Trump took over the White House, the broader cryptocurrency market has lost a total value of $700 billion. Before Trump took oath, the overall market cap of the cryptocurrency market stood at $3.46 trillion on January 1, 2025. As of Tuesday, April 22, 2025, the same market cap has plunged to $2.7 trillion. That’s a total loss of more than 760 billion in less than four months since Trump became President.
Also Read: Amazon Stock Gets a Downgrade: See the Bottom Price Target For AMZN
Not just the cryptocurrency market, but even the US stock market has been on a decline since he took office in January. The global stock markets also remain on a slippery slope as trade wars and tariffs have caused uncertainty. The 90-day tariff pause has given the markets a breath of fresh air but the cloud could burst in July.
If Trump does not scrap the tariffs imposed on 185 countries in July, the cryptocurrency market could fall further. The global economy is now walking on a tightrope and investors are cautious about taking an entry position. If the global funds dry up, it could take a longer time to recover from the mess of the trade wars.
Read More
TRUMP and MELANIA Meme Coins Surge After DC Dinner Offer to Top Holders