According to the chart, Bitcoin lost its footing almost immediately after Trump took office. Within the first 40 days, the price fell below the 0% mark and continued sliding toward –10% and then –20%. This decline was triggered by the tariff announcements that came at the start of Trump’s administration, signalling the start of what has been a bearish administration so far despite Trump’s pro-crypto stance.
The Bitcoin price saw a recovery through, as the trade wars began to ease off, eventually hitting a new all-time high above $126,000. However, this uptrend did not last long, with the US government shutdown bringing the market down once again.
