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Trump Bump Officially Erased as Bitcoin Price Plunges

cryptonews100_tggfrn by cryptonews100_tggfrn
February 7, 2026
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Trump Bump Officially Erased as Bitcoin Price Plunges
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Bitcoin’s long-running post-election surge has evaporated, with the flagship cryptocurrency sliding sharply and wiping out all the positive factors it made following President Donald Trump’s return to the White Home. The world’s largest cryptocurrency fell almost 5 % this week to round $68,000, dragging it greater than 20 % decrease for the 12 months as buyers dumped tech-linked belongings. Ether, the second-largest coin, dropped about 3 % and is now down near 30 % in 2026. The sell-off erased the final of the post-election “Trump bump,” when bitcoin surged after he vowed to make the U.S. the “crypto capital of the world” and rein in regulators. Since then, momentum has pale. Crypto laws has stalled, cash has flowed again into conventional protected havens like gold, and Trump’s personal branded meme coin—as soon as hyped by allies—has cratered, wiping out a lot of its worth. Trump beforehand forged himself as crypto’s largest champion, rolling out his personal enterprise, World Liberty Monetary, alongside his sons forward of his election win.

Read it at The Financial Times



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