Bitcoin and other altcoins like Avalanche, Dogecoin, and IOTA dropped on Thursday, erasing some of the gains made after the Fed decision. 

Bitcoin (BTC) dropped to $84,000 from this week’s high of $87,500. Ethereum (ETH) fell to $1,965, while Dogecoin (DOGE), IOTA (IOTA), and JasmyCoin (JASMY) fell by over 4%. The total market cap of all cryptocurrencies dropped by 1.5% to $2.74 trillion. 

Bitcoin and other altcoins failed to move higher after Donald Trump declared that crypto would expand the dominance of the US dollar. He made the statement in a pre-recorded video for Blockworks’ Digital Asset Summit, a crypto conference in New York City, as he continued to amplify his pro-crypto sentiment.