A recent analysis reveals that 70% of cryptocurrencies on the Binance exchange are now trading at lower prices than pre-election levels. While the market has been generally bullish lately, this discrepancy raises questions about the true market conditions. Analyst ltrd on X platform examined price changes of cryptocurrencies before and after the elections and found that around 70% of coins are now trading below pre-election levels. While some coins saw growth, most are struggling to maintain their value. Coins like Hedera (HBAR), Ripple (XRP), Mantra (OM), Stellar (XLM), and VeThor (VTHO) performed well, whereas others like Neiro (NEIRO), Rune (RUNE), Bome (BOME), People (PEOPLE), and Wifi (WIF) experienced sharp declines. One notable point from the analysis is the timing of price peaks. Data shows that 80% of coins reached their peak between December 3-9, indicating a strong market correlation where most tokens hit their price ceiling within a short period. Many investors expected Donald Trump’s victory to create a new bullish trend in the cryptocurrency market. However, the launch of Trump token caused a market liquidity decrease, surprising traders. Analyst Otto Suwen likened the current market conditions to the bear market of 2022-2023, noting that many altcoins initially surged post-Trump’s win but quickly halted. Initially seen as a natural correction, many traders anticipated a new uptrend in early 2025. However, the Trump token launch reduced liquidity and worsened the situation with Melania Meme coin. Suwen added that altcoins have widely plummeted, with many popular coins dropping up to 90%. Trading volume has also significantly decreased. He also mentioned that Bitcoin (BTC) is yet to experience a major correction, leading to concerns about further fluctuations. A user on X platform wrote, ‘We wanted Trump to boost the market, but he and his wife released a sh*tcoin, emptied the market, and now with heavy tariffs, pushed it further towards a decline.’ Trump recently announced imposing a 25% tariff on imports from Mexico and Canada and a 10% tariff on Chinese goods, causing a $300 billion loss in the total cryptocurrency market value overnight. The combination of Trump’s aggressive trade policies and cryptocurrency market fluctuations has raised concerns among investors, casting doubts on the sustainability of the current bullish trend. Visit the live digital currencies price page to track the prices of all tokens and cryptocurrencies in real-time.
