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Bitcoin is sitting at $59,000. That’s down 44% since Donald Trump walked into the White House promising to make America the world’s crypto capital. It’s a brutal number, and the market hasn’t been quiet about it.
Trump came in loud. During the run-up to his second term, he called himself the “crypto president,” showed up at the largest U.S. Bitcoin conference, and even paid for a meal in New York using Bitcoin. He talked about a national strategy to supercharge Bitcoin mining inside U.S. borders. He talked about a strategic Bitcoin reserve. The crypto community loved it. Campaign donations poured in from industry players who believed, genuinely, that a Trump presidency meant a new era for digital assets. Bitcoin and other major coins hit all-time highs by October 2025, right around the 18-month mark of his presidency. Things felt good. Then they didn’t.
A major liquidation event hit in October. Markets cracked.
The Collapse Across the Board
Bitcoin’s 44% drop is actually one of the softer falls in the bunch. Ethereum is down 49%. Ripple’s XRP has shed 68% of its value. Solana dropped 77%. Dogecoin fell 79%. Avalanche is down 82%. And then there’s APT, which has lost 93% since Trump took office.
The themed coins are something else entirely. The TRUMP coin and the MELANIA coin — both launched in the days just before the inauguration, riding a wave of political excitement — have essentially been wiped out. TRUMP is down 97.7%. MELANIA is down 99.5%. That’s not a correction. That’s a near-total collapse. Investors who bought into those projects on the hype are basically holding dust.
It’s worth pausing on that. Two meme coins tied directly to the incoming president and his wife launched right before he took office, sparked a brief frenzy, and then cratered. The initial excitement was real. The follow-through wasn’t.
Promises vs. Policy Reality
The core problem, at least from where the crypto community sits, is pretty simple: the national strategy never came. No concrete Bitcoin mining push. No clear framework. No reserve. The administration’s early crypto-friendly signals haven’t translated into anything the market can actually trade on.
That gap — between the promises made on the campaign trail and the absence of real policy action — has worn down sentiment in a serious way. Investors who backed Trump expecting a transformative shift in U.S. crypto regulation are now sitting on heavy losses and not much to show for their optimism.
And it’s not just retail investors feeling it. The broader industry, which had rallied hard behind Trump’s candidacy, is watching a market that can’t find its footing. Ethereum down nearly half. XRP down more than two-thirds. These aren’t minor corrections in a bull market. These are the kinds of drops that reshape portfolios and shake confidence.
The meme coin launches made things messier, probably. Two politically branded tokens hitting the market days before inauguration brought a wave of speculative money in fast — and then that money left just as fast. It’s hard to build a credible crypto policy narrative when the coins bearing the president’s name are down 97.7%.
Whether Trump’s team sees the market damage as a policy failure or just normal volatility is unclear. No specific statement from the administration addressing the price declines has surfaced. The community is asking questions and not getting many answers.
What’s left is a market that surged on political hope, hit record highs, then gave everything back and more. Bitcoin at $59,000 is lower than it was before the election results came in. That’s a hard fact for anyone who bought the post-election rally.
The crypto space has always been volatile. That’s not new. But the specific shape of this downturn — tied so directly to unmet political promises — makes it sting differently for a lot of people who thought this time was going to be different.
The TRUMP coin is down 97.7%. The MELANIA coin is down 99.5%.
Hub: Bitcoin price, news, and analysis
Frequently Asked Questions
How much has Bitcoin fallen since Trump’s inauguration?
Bitcoin has dropped 44% since Trump took office, falling to $59,000 — its lowest level since before the election.
Which cryptocurrencies have fallen the most under Trump’s presidency?
The steepest declines include APT down 93%, MELANIA coin down 99.5%, and TRUMP coin down 97.7%, while Avalanche fell 82%, Dogecoin 79%, and Solana 77%.
What crypto promises did Trump make before taking office?
Trump promised a national Bitcoin mining strategy, a strategic Bitcoin reserve, and pledged to make the U.S. a global cryptocurrency hub — none of which have materially taken shape.
