Trump's Crypto Bet: A Roller Coaster Ride

The Trump family's financial ventures have hit a rough patch lately. Their assets aren't doing as well as the rest of the market. This is especially true for their crypto investments. Eric Trump's American Bitcoin (ABTC) took a big hit. It dropped almost 50% in early trading on Tuesday. By the end of the day, it was down 39%. This is the lowest it's been since Trump got involved in May. On Wednesday, it was still way below its high from September. Other crypto projects backed by Trump aren't doing well either. World Liberty Financial (WLFIUSD) has lost about 65% of its value since its record high in September. The $TRUMP and $MELANIA meme coins have also lost most of their value. They peaked on Jan. 19, the day before Trump's second inauguration. When Trump returned to the White House, he promised to make the U. S. a crypto leader. He set up a digital asset working group and supported stablecoin legislation. This boosted the crypto market. Bitcoin hit a record high above $125, 000 in early October. But lately, the market has been uncertain. This has hit Trump-backed assets hard. It's not just crypto. Even more traditional investments are struggling. Shares of Trump Media & Technology (DJT), which owns Truth Social, have lost two-thirds of their value this year. Last month, they hit their lowest point since late 2021. The Trump family's financial ventures are a mixed bag. While they have had some successes, recent months have been tough. It shows how risky crypto investments can be. It also shows how political changes can affect the market.