Cryptocurrency prices have plunged in recent weeks, erasing gains made after Donald Trump’s election victory. Bitcoin is down 21% from its January peak, while ether has dropped over 40%. Trump’s own meme coin has plummeted 80%.
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Despite his campaign promises to be a “crypto president,” Trump’s administration has yet to deliver significant pro-crypto policies. While the SEC has dropped lawsuits and probes into crypto firms, investors remain cautious, awaiting clearer regulations or a bullish catalyst.
Market uncertainty is further fueled by Trump’s tariff threats and hawkish monetary policies. Analysts suggest that without a decisive policy shift—such as a national bitcoin reserve or additional ETF approvals—crypto prices may struggle to recover.
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