Why is Crypto Down After Trump’s Election?

Why is crypto down? Despite hopes for a crypto boom post-Trump election, the market is
struggling with bitcoin down, along with others. Here’s why crypto prices are crashing, leaving investors scratching
their heads.

When Donald Trump secured a second term, crypto enthusiasts were
rubbing their hands together, expecting a boom. After all, the promise of
pro-crypto policies, tax cuts, and less regulation
Regulation

Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (

Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term made many think this was the
moment. Bitcoin, Ethereum, and other cryptocurrencies were expected to soar in
value under an administration that seemed to love big business—and crypto
definitely fits that bill. The market, fueled by optimism, was anticipating an
altcoin frenzy like no other.