BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to President Trump are deeply mired in a downturn, causing significant losses for some of his most loyal supporters. The price of DJT, under Trump's name, has fallen 75% since he took office. The digital "meme coins" named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since inauguration day. The crypto project World Liberty Financial, under the Trump family, has also seen a decrease of about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued and highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new administration to promote deregulation, tax cuts and...
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BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to President Trump are deeply mired in a downturn, causing significant losses for some of his most loyal supporters. The price of DJT, under Trump's name, has fallen 75% since he took office. The digital "meme coins" named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since inauguration day. The crypto project World Liberty Financial, under the Trump family, has also seen a decrease of about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued and highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new administration to promote deregulation, tax cuts and...