Bitcoin Down 41% Under Trump, Mirroring Biden-Era Drawdown
After 524 days, BTC is down 41.1% under Trump versus 43.8% under Biden at the same point, and the dollar index is mirroring its 2017-2018 arc too.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
After 524 days, BTC is down 41.1% under Trump versus 43.8% under Biden at the same point, and the dollar index is mirroring its 2017-2018 arc too.
The exchange is defending product availability while accepting that promotion patterns aimed at young retail users cross a line Zcash founder Zooko first flagged.
Two red quarters to open a year has happened only twice in BTC's history. The driver list is unchanged: ETF outflows, a hawkish Fed under Warsh, and a seven-month-high dollar pulling capital toward…
The dividend hike alone won't restore faith; the read is that covering cash obligations by selling bitcoin would mark the end of the treasury-accumulation era.
Fairlead's Katie Stockton calls Bitcoin 'way oversold' with downside exhaustion in place, while Adam Back flags the 200EMA touch as a generational entry, and BlackRock's Rick Rieder keeps a moderate…
A brand-new address absorbing $82M of BTC from the largest exchange is the classic accumulation shape: coins moving from a venue's hot wallet into self-custody, often a prelude to longer-term holding.
The banks absorbed a modeled $708B in losses under a 10% unemployment scenario, but the Fed's 2027 capital-buffer freeze means the results set no new capital requirements at all.
Garlinghouse calls Saylor's structure leveraged and self-reinforcing, arguing the long-term value of BTC should come from real utility, not balance-sheet engineering.
The hawkish-Fed reversal of the scarce-asset trade is hitting all three simultaneously, and BTC just lost its 200-week moving average at roughly $60K.
A trader mapping crypto to the business cycle sees the post-QT normalization dip, 200+ days long, lining up with the 189-day setup that preceded the 2019 reversal, and a Russell 2000 breakout that…
OKX is paying 8% deposit bonuses, Kraken is running a €1M sweepstakes, and Coinbase is offering 5% to high-value traders, all aimed at capital fleeing the 1,100+ venues that lose authorization on…
The market is now pricing the entire Saylor enterprise below the bitcoin it holds, a level that turns new share issuance structurally dilutive and forces the treasury playbook to lean on debt,…
A $1B liquidation flush has cleared leverage and the June 26 expiry removes a $10B+ positioning overhang, but the next 72 hours trade without ETF liquidity, so native flows alone decide whether $58K…
Bitcoin held the line near $60K with help from aggressive dip-buyers, but DOGE, HYPE and ether each shed 8-10% as capital rotated out of chipmakers and into the broader equity rally.
The legal path is open across the US, UK, and Europe, yet SCO60 prices a dollar of Bitcoin like a dollar of certain loss, so the equity charge is what decides how much digital-asset business actually…
Seven straight sessions of net redemptions is the real signal, not any single day's number: the bid that defined Q1 has gone quiet, and the macro tape is doing the rest.
The billionaire called Bitcoin a chain-letter speculative that will dwindle to zero. GMO's own AUM dropped from $118B to $42B over the same window he was warning everyone else about value.
Brad Garlinghouse points to STRC trading 25% below par as evidence that leverage-funded accumulation distorts the market he says he still believes in.
Management's own rule says MSTR stops being a productive BTC-buying vehicle below ~1.22x mNAV, and the market just pushed the company's enterprise value under its bitcoin stack.
MicroStrategy's common-stock ATM is bleeding into its BTC bid, spot ETF outflows hit a 30-day record, and a year-stalled Clarity Act is turning prior net buyers into net sellers, a triple-stack the…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitcoin Down 41% Under Trump, Mirroring Biden-Era Drawdown" — read at /en-US/a/bitcoin-down-41-under-trump-mirroring-biden-era-drawdown.