- Bitcoin and the broader crypto market have experienced significant declines since President Trump’s second inauguration, with BTC dropping from $108,000 to around $75,000.
- Specialized crypto sectors including liquid staking, NFT marketplaces, synthetics, and AI agents have seen even steeper losses, with some declining by more than 50%.
- Broader economic indicators including unemployment rates and presidential approval ratings have also trended negatively since Trump returned to office.
Since President Donald Trump began his second term earlier this year, the cryptocurrency market has experienced a dramatic reversal of fortune. Bitcoin reached an all-time high of over $108,000 on Inauguration Day (January 20), but has since plummeted to approximately $75,000 as of Monday morning, representing a nearly one-third reduction in value in just six weeks.
Crypto Market’s Post-Inauguration Decline
According to data compiled by Protos, the overall cryptocurrency market capitalization has fallen by $800 billion since Trump took office. This decline contradicts expectations for a crypto-friendly administration, as Trump has promoted Bitcoin multiple times during his campaign and early presidency.
Specialized sectors within the cryptocurrency ecosystem have suffered even more severe losses. Liquid staking platforms and NFT marketplaces have seen their values cut in half, while other niche categories including synthetics, AI agents, and SoFi have experienced even steeper declines, according to data from DeFiLlama.
Broader Economic Indicators Also Suffering
The downturn extends beyond cryptocurrency markets. Protos’ analysis reveals that traditional economic indicators including unemployment rates have deteriorated since Inauguration Day. Additionally, presidential approval ratings and major stock market indices have moved in negative directions during the first six weeks of Trump’s second administration.
The comprehensive decline across multiple sectors and indicators suggests broader economic challenges beyond the cryptocurrency space. As Protos’ data visualization demonstrates, investors who bought based on optimism surrounding Trump’s pro-crypto stance would have been better served by selling when he actually took office.
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