Bitcoin plunge continues, erasing gains since Trump’s election

Bitcoin has experienced a significant decline, dropping nearly 20 percent in value since the beginning of 2026, effectively erasing gains made since Donald Trump's election. This downturn reflects ongoing volatility in the cryptocurrency market, which has seen diminishing investor confidence.

The continued plunge of Bitcoin raises concerns for investors who had previously viewed it as a viable alternative to traditional assets. The cryptocurrency's instability may lead to a reassessment of its role in investment portfolios, particularly as market dynamics shift.

This decline in Bitcoin's value coincides with a broader trend where investors are increasingly favoring gold, which surged by 70% in 2025 amid geopolitical tensions. The contrasting performance of these assets highlights a growing skepticism towards cryptocurrencies as a safe haven, especially in light of economic policies and tariffs introduced during Trump's presidency that have contributed to global market instability.