Bitcoin News Update: Bitcoin's Plunge Signals Trump's Diminishing Influence, as Crypto Connections Weaken Amid MAGA's Downturn
- Nobel laureate Paul Krugman links Bitcoin's $1 trillion crash to Trump's waning political influence and crypto-linked wealth decline. - Trump family's crypto assets lost $1 billion in value, with Eric Trump's ABTC shares down 50% and memecoins losing 90% of peak value. - Despite losses, complex financial structures like Alt5 Sigma holdings buffer the family, while Krugman ties crypto turmoil to fractured MAGA support. - Trump's pro-crypto policies face scrutiny as Bitcoin's $40k drop undermines his econo
The
The Trump family's involvement in crypto has made them especially susceptible to the downturn. Their net worth, which
Eric Trump has remained optimistic, calling Bitcoin "the greatest asset of our time" at a Yahoo Finance event, even as American Bitcoin’s stock has fallen 30% since its Nasdaq launch in September. The company, which mines Bitcoin in West Texas at half the average market cost,
Krugman’s commentary connects the crypto downturn to larger political shifts. Trump’s approval rating has
The recent chaos in the crypto sector has also highlighted weaknesses in Trump’s economic policies. Treasury Secretary Scott Bessent
As the Trump family deals with their crypto setbacks, the political consequences are evident: a market once lifted by Trump’s backing is now suffering from his waning influence. Whether this marks a deeper change in the GOP or is simply part of the crypto cycle is unclear, but Krugman’s assessment of the "Trump trade" coming undone highlights a crucial turning point in both the financial and political arenas.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Meme Coins Evolve: Shifting from Trend to Foundation
- Shiba Inu (SHIB) stabilizes near $0.0000081 amid 20,000%+ burn rate spikes and $5B market cap rebound. - AlphaPepe (ALPE) gains traction with 3,700+ holders via instant delivery, staking, and $5.81M presale surge. - Bitcoin's golden cross and potential Fed rate cuts fuel broader crypto optimism , with SHIB's $0.0000078–$0.0000085 support zone critical. - Meme coins shift from hype to structured participation, emphasizing functional tokenomics and real-time governance tools like Polymarket.

CryptoAppsy: Experience Instant Access—No Registration Needed, Perfect for Fast-Moving Markets
- CryptoAppsy offers real-time crypto price tracking and alerts via iOS/Android, requiring no account creation, targeting global users in Turkish, English, and Spanish. - Market volatility drives demand for instant data, contrasting with subscription-based models, as seen in GoPlus's 717M monthly API calls and WEEX's 100% APR promotions. - Competitors like BI DeFi emphasize security upgrades post-$15B breach, highlighting crypto's growing focus on risk mitigation alongside innovation. - CryptoAppsy's succe

Ethereum Latest Updates: Buterin's Railgun Transaction Ignites Privacy and Pre-Sale Discussion as ETH Reaches $3,000
- Vitalik Buterin transferred $2.9M ETH to privacy protocol Railgun as Ethereum surged past $3,000, triggering speculation about liquidity events. - On-chain analysts highlight Railgun deposits' historical link to pre-sale activity, though Buterin's 0.4% stake transfer doesn't inherently signal selling. - Buterin's $738.6M ETH holdings and recent privacy advocacy, including his "privacy is hygiene" stance, frame the transaction's strategic context. - Market reactions remain divided between regulatory hedgi

Thailand Closes Worldcoin Due to Unlawful Exchange of Biometric Data for Cryptocurrency
- Thailand ordered Worldcoin to halt operations and delete biometric data from 1.2 million users, citing PDPA violations involving iris scans for crypto tokens. - Authorities raided a Bangkok scanning center in October 2025, arresting employees for operating an unlicensed exchange and highlighting data leakage risks. - Worldcoin paused services in Thailand, denying wrongdoing, while the WLD token dropped to $0.6172 amid global regulatory crackdowns in Colombia, Spain, Brazil, and Kenya. - Regulators worldw