The ongoing cryptocurrency downturn has left investors reeling, wiping away a major chunk of their gains since Donald Trump emerged victorious in the 2024 presidential elections. 

Bitcoin BTC/USD, the world’s largest cryptocurrency by valuation, sank below $77,000 for the first time in four months and, trading down 21% since Trump was sworn in as president.

While Bitcoin did not get off to the best start under Trump’s presidency, it is worth remembering that the apex cryptocurrency had a fantastic run during his previous tenure.

What happened: Trump won the 2016 elections, with his tenure beginning on Jan. 20, 2017, and lasting till Jan. 20, 2021.

During this time, Bitcoin…

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