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Securing the presidency was expected to revolutionize the crypto landscape, yet throughout much of this year, long-term investors in prominent cryptocurrencies have seen limited benefits.
Indeed, Bitcoin and other leading tokens experienced a surge when the favored candidate of the industry, Donald Trump, prevailed over Kamala Harris, signaling the end of an era marked by stringent scrutiny and regulations under the Biden administration. However, since then, values of Bitcoin, Ether, and Ripple’s XRP have broadly declined in 2025, with only brief surges, including a few peaks that aligned with Trump’s inauguration.
Bitcoin briefly surged again in tandem with the stock market on Wednesday after the president paused some tariff increases, but its recent spike above $80,000 proved short-lived. Within the past 24 hours, BTC dropped by 3.6%, landing at around $79,608 as of 3:54 p.m. ET. It has fallen more than 14.8% year-to-date in 2025, frequently reflecting the volatility of the stock market that has characterized the initial phase of the second Trump administration.
Ether, the second-largest token by market capitalization, has faced even harsher declines. It plummeted 8.8% in the last 24 hours, settling around $1,523, marking a staggering decrease of approximately 54.3% this year. On the other hand, XRP experienced a drop of 4.4% over the previous day, valued at $1.96, showing a decline of about 6.6% since the start of the year.
Publicly traded cryptocurrency stocks also felt the pinch on Thursday; leading U.S. crypto exchange Coinbase (COIN-4.74%) declined by 5.5%, while significant Bitcoin holder MicroStrategy (MSTR-9.05%) tumbled by about 9.9%, and bitcoin mining company MARA Holdings (MARA-6.38%) fell 6.9%.
