The crypto market entered 2025 with optimism after President Trump promised to make the U.S. the crypto capital of the world. After a period of regulatory uncertainty under the previous administration, Trump’s return to office brought high expectations that clearer rules and mainstream acceptance would fuel a sustained rally.
More than a year later, major digital assets like bitcoin are trading lower than when Trump got elected for a second term. Altcoins have not been spared either. At one point, bitcoin fell to as low as about $60,000 from all-time highs of $126,000 in 2025, per CoinDesk. So what happened? Here’s how Trump’s crypto revolution became what Axios called “a revolt” and what you should be thinking about amid the current downturn.
