Bitcoin Has Dumped All of Its Gains Since Trump Was Reelected—And Then Some

Those who tagged along, made out quite well—for a time.

But nearly two years later, crypto traders find themselves even below where they started, as Bitcoin trades at a discount to its election day marker. It recently changed hands at $60,619—about 12.6% below its closing price around $69,355 on November 5, 2024, the day ballots were cast. 

Sell a kidney if you must, but keep the Bitcoin.

As it stands, Bitcoin sits nearly 52% down from its all-time mark as it changes hands on Saturday, leaving investors wondering about its short-term prospects—and whether Trump's influence on the crypto market has waned.