Key Takeaways
- Donald Trump’s crypto rhetoric no longer guarantees Bitcoin price rallies.
- Crypto industry sentiment toward Trump has weakened.
- Trump-linked crypto ventures have sparked controversy
Bitcoin’s price has continued to slide this week, even after US President Donald Trump declared that he had “saved” the crypto industry and vowed he would “NEVER let Crypto down.”
The move has highlighted how Bitcoin’s position is increasingly overpowered by macroeconomic forces and institutional trading flows, even with mainstream bullish rhetoric.
Recent Trump Comments Fail to Lift Bitcoin
In a Truth Social post on May 27, Trump accused former SEC Chair Gary Gensler and the “Anti-Crypto Army” of trying to “DESTROY” the US crypto industry before claiming that “TRUMP SAVED IT.”
He also repeated a line that has become central to his digital asset agenda, calling America the “CRYPTO CAPITAL of the WORLD.”
Bitcoin failed to rally in response.
Bitcoin fell roughly 2% on May 27 and extended losses the following day, briefly slipping below $72,000 as traders focused instead on ETF outflows and leveraged liquidations.
Trump’s latest remarks came as the crypto market was already under pressure from weakening risk appetite and concerns over monetary policy.
“Builders and Entrepreneurs are coming BACK to the United States,” Trump wrote in the May 27 post, adding that his administration would create a “FUTURE-PROOF Digital Asset Market Structure.”
March 2025 Reserve Announcement Triggered Sharp Rally
However, Trump’s comments have previously played a role in Bitcoin’s price movements.
One of the clearest examples came in March 2025, when he announced plans for a US strategic crypto reserve.
“A US Crypto Reserve will elevate this critical industry,” Trump wrote on Truth Social, later adding that Bitcoin and Ethereum would be “at the heart of the Reserve.”
Bitcoin surged above $90,000 within hours, while tokens including XRP, Solana, and Cardano posted double-digit gains.
The broader crypto market added more than $300 billion in value during the rally.
However, the gains quickly faded.
By the following trading session, Bitcoin had given back much of the rally as investors questioned how aggressively the administration would buy digital assets.
Markets weakened further after Trump signed a March 6 executive order creating a Strategic Bitcoin Reserve built primarily from seized crypto assets rather than new government purchases.
By March 10, Bitcoin’s price had dropped back to $78,000, before recovering to around $89,000 at the end of the month.
Trump’s Election Victory Fueled the Biggest Bullish Move
Trump’s strongest crypto-related market impact came after his November 2024 election victory, when investors rapidly priced in expectations of lighter regulation and a more supportive White House stance.
Following his victory, the value of Bitcoin surged to over $6,600, reaching a then-all-time high of $75,999.
Throughout the campaign, Trump repeatedly promised to make the US the “crypto capital of the world” and later referred to America as the future “Bitcoin superpower of the world.”
Trump’s administration followed through on several crypto-friendly measures after returning to office, including appointing pro-industry officials.
However, crypto markets repeatedly showed that enthusiasm generated by political announcements could fade quickly when policy details failed to meet investor expectations.
Bitcoin Support For Trump Declining?
The sharp reversal in crypto markets since the euphoric highs of late 2024 and 2025 has triggered growing criticism of Trump within parts of the industry, with some investors accusing the President of failing to deliver the uninterrupted bull market many had expected.
Bitcoin climbed above $125,000 in October 2025 as traders increasingly bet a second Trump administration would usher in lighter regulation and accelerate institutional adoption.
But by early 2026, the crypto had at times fallen back below pre-election levels, while many altcoins lost 70% to 90% of their value from peak levels.
The reversal has led to frustration among retail traders who had tied expectations for the crypto cycle closely to Trump’s presidency.
On X, one user wrote on Thursday that Trump was “the only president to cancel a bull run four-year cycle,” accusing his policies of crushing both Bitcoin and altcoins.
Another post stated: “Crypto was better before Trump got involved.”
Trump-Linked Crypto Ventures Drew Industry Criticism
Trump and his family’s own involvement in crypto has also become a growing source of controversy inside the industry.
Critics have pointed to Trump-linked meme coins, stablecoin initiatives, and projects associated with World Liberty Financial as examples of an overlap between his political influence and personal financial interests.
One crypto commentator wrote on X that Trump “hasn’t done much other than cash in on his own stablecoin.”
Others claimed the President’s direct involvement in crypto businesses had complicated efforts to pass broader legislation, such as the CLARITY Act.
Supporters of Trump’s approach argue that his administration has nevertheless delivered meaningful changes, including a more crypto-friendly SEC and reduced enforcement pressure.
However, some investors say the benefits were already largely priced into the market during the post-election rally, leaving fewer catalysts to sustain prices once macroeconomic pressures intensified.
Institutional Adoption Over Political Rhetoric
While Trump’s comments have repeatedly generated short-term volatility, sometimes triggering swings of 5% to 20%, longer-term price direction ultimately depends more heavily on structural market forces.
The launch and expansion of spot Bitcoin ETFs, along with rising participation from corporate actors, have transformed Bitcoin into a more institutionally driven market.
That has reduced the influence of individual political statements, even from a sitting US president.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
