One Year into Trump's Presidency, Bitcoin Drops About 20%, Altcoins Generally Halve

On the one-year anniversary of President Trump's tenure in the United States, the cryptocurrency market experienced a significant decline. Bitcoin and Ethereum led the downturn over the past year, with many other cryptocurrencies plummeting by 70% to over 90%.

Although the market was previously optimistic about the regulatory policies of the Trump administration, market performance starkly contrasted with political promises, and the actual situation was far from expectations.

According to market data, Bitcoin reached a historic high of over $126,000 in October 2025, but has since retreated, with current trading prices near $89,000.

Ethereum's price, which approached $5,000 in August 2025, also declined roughly 41% along with the broader market, with the current quote near $2,950.

However, other mainstream altcoins, such as XRP and Solana, fell by 50% to 60%, while many small and medium tokens and meme coins saw declines between 70% and 90%, indicating a sharp contraction in market risk appetite.

The market had once hoped for clearer regulation brought by the administration, and institutional analysts predicted that Trump's election would usher in a transformative era for altcoins and DeFi.

But nearly a year of Trump's trade policies, especially his repeated threats to impose tariffs on China and the European Union, triggered intense volatility and directly suppressed Bitcoin's upward momentum.

A typical example is that after Trump confirmed new tariffs on several European countries, the market experienced approximately $871 million in liquidations within just one day.

Although Trump appointed Paul Atkins as the head of the U.S. SEC and attempted to create a friendly regulatory environment, macroeconomic events overshadowed expectations for regulatory prospects.

As industry insiders have said, support from the crypto community is just one of many market variables and cannot determine the course of political decisions or asset prices.

In summary, the market performance of cryptocurrencies over the past year has demystified the "political narrative," highlighting that among the multiple forces influencing the crypto market, macroeconomic realities weigh far more heavily than anticipated regulatory signals.

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