Bitcoin Price Plunges Amidst Trump’s Controversial Economic Policies

Despite the enthusiastic support from crypto heavyweights like Cameron and Tyler Winklevoss, Brian Armstrong, Marc Andreessen, and Michael Saylor, Bitcoin (BTC) has witnessed a significant decline of 13% under President Donald Trump’s administration. The price dropped from $101,000 to $87,000 since his inauguration in January 2025. This contrast is particularly striking compared to its performance under President Joe Biden, which saw an impressive 45% growth within the same period, rising from $36,000 to $52,000 as reported by market data of 2022. Notably, even during Trump’s early term, when he was skeptical about crypto, BTC experienced a modest 8% gain, reaching $960 from $890 in a similar timeframe.