Why the Crypto Market Crash Happened Under Pro-Crypto Trump
A crypto market crash happened this year despite having Donald Trump at the White House and Paul Atkins at the Securities and Exchange Commission (SEC). Bitcoin dropped by 6.3% this year, while the market cap of all coins fell by 8.2%.
Ethereum and most altcoins did much worse, with many of them being down by over 50% from their highest levels this year. The market cap of all coins dropped from over $4.2 trillion earlier this year to $2.9 trillion today.
In contrast, gold and silver prices more than doubled and jumped to their all-time highs. The stock market also jumped, with the S&P 500, Dow Jones, and the Nasdaq 100 indices reaching their all-time highs.
