From cointelegraph by Yohan Yun
Bitcoin has hit new all-time highs as President-elect Donald Trump secured victory in the 2024 United States presidential election.
Set to return to the White House after departing in January 2021, Trump now appears to be bringing a pro-crypto stance with him. His campaign made several pledges in support of the cryptocurrency sector, marking a difference with the previous administration.
As Trump prepares to resume office, Cointelegraph looks back on how the cryptocurrency landscape appeared during his last term. The industry has seen major shifts since then — half of the top 10 coins from his previous term have fallen out of the rankings.
Here’s a look at how the top 10 cryptocurrencies from Trump’s last presidency are faring today.
Bitcoin price Jan. 20, 2021: $35,302.18Bitcoin price Nov. 11, 2024: $82,379.60
Since Trump’s last White House stint, Bitcoin has gone through more twists than the president-elect’s path to election victory. First, there was an all-time high of about $67,000 in November 2021. Then came FTX — the seismic crash of November 2022 that took Bitcoin down to $17,000 and left everyone wondering if the ride was over
Fast forward through a bear market for both Bitcoin BTC$83,762 and the global economy, with BTC dragging its feet through most of it.
Still, like any good comeback story, Bitcoin rebounded in 2024 as it became accessible to institutions on the US stock market through those shiny new spot exchange-traded funds (ETFs).
With analysts’ eyes glued to the $100,000 mark as Trump’s victory signals the beginning of the end for crypto’s supervillain, Gary Gensler at the Securities and Exchange Commission (SEC), the asset has already smashed past the $82,000 mark.
In addition, Bitcoin now hosts digital trinkets like Ordinals (an iteration of non-fungible tokens) and some of the internet’s favorite memecoins through Runes. So while Bitcoin remains the gold-standard crypto in the age of Trump 2.0, it’s also found some new ways to keep itself interesting along the way.
Ether price Jan. 20, 2021: $1,361.05