
KEY POINTS
- $BTC last traded at around $75,000 before media outlets announced Trump's presidential victory
- $ETH is down by over 15% in the past week – the coin's chart has pretty much mirrored $BTC price action
- $XRP dropped below $2 after it took seven years for the token to reach the same figure again
The cryptocurrency market was drowned overnight in a red wave as all major coins erased all gains made when U.S. President Donald Trump won the 2024 presidential elections.