Bitcoin Has Dumped All of Its Gains Since Trump Was Reelected—And Then Some Bitcoin’s price has plummeted to levels below its election-day peak following President Donald Trump’s 2024 re-election, marking a dramatic reversal of the “Trump Trade” that initially drove the cryptocurrency to record highs. The asset, which saw a surge in demand amid expectations of a more crypto-friendly administration, has since fallen nearly 52% from its all-time high, leaving investors questioning the long-term impact of Trump’s policies on the market. The initial rally began shortly after the November 5, 2024, election, as traders anticipated favorable regulatory changes and pro-crypto policies under Trump’s leadership. Bitcoin briefly reached $67,793 the day before the election and surged to an all-time high of over $75,000 the following day. Analysts predicted further gains, and the asset continued to climb, hitting $109,000 in January 2025 as Trump prepared for his second term. The optimism was fueled by the growth of Bitcoin ETFs, which expanded from approximately $37 billion in assets under management in January 2025 to over $62 billion by mid-year. The digital asset treasury (DAT) trend, popularized by Michael Saylor’s Strategy, also contributed to the surge. Publicly traded companies, including Trump’s own Trump Media and Technology Group (DJT), began adding Bitcoin to their balance sheets. DJT allocated $2 billion in Bitcoin and related securities in July 2025, just months before Bitcoin reached its peak of $126,080. However, the momentum proved unsustainable. The collapse began in October 2025, when a $19 billion liquidation spree triggered a sharp decline, sending Bitcoin from above $121,000 to $106,000.#bitcoin #donald_trump #michael_saylor #trump_media_and_technology_group #genius_act
