Trump gave crypto the red carpet – Despite the enthusiastic reception from the crypto community during his 2024 campaign, President Donald Trump’s tenure in the White House has not shielded the sector from a dramatic downturn. Bitcoin, once a symbol of hope for the industry, has plunged below $60,000 this week, marking a 50% decline from its peak in October 2025. This crash comes as the U.S. stock market celebrated its strongest quarter in six years, yet the digital asset market continues to struggle, raising questions about the effectiveness of Trump’s pro-crypto policies.

Trump’s return to the presidency was accompanied by a surge in cryptocurrency enthusiasm. His campaign promised to elevate the U.S. to the status of a global “crypto capital,” a pledge that resonated with industry supporters. This shift from his earlier skepticism—where he once called crypto “a scam”—has led to a flurry of activity in the sector. However,…