Trump’s crypto rally fizzles as $2 trillion market gains vanish
The crypto market that surged on Donald Trump’s campaign promise of a friendlier US posture is now back near where it started, after an 18-month round trip that added close to $2 trillion in value and then erased roughly the same amount.
Data compiled by CryptoSlate put the total crypto market value at about $2.4 trillion in October 2024, weeks before the US election.
By November 2024, the market had pushed toward $3.2 trillion as traders priced in a “policy premium,” the expectation that a pro-crypto White House would mean lighter enforcement pressure, clearer rules, and broader access for both retail and institutional investors.
By early October 2025, the market peaked at $4.379 trillion.
As of press time, CryptoSlate’s market cap…
