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Trump's crypto dinner: TRUMP Coin crashes – market remains cold!
President Trump says at dinner that the US should dominate in crypto. Market reacts negatively, TRUMP Coin crashes.
Trump's crypto dinner: TRUMP Coin crashes – market remains cold!
On May 23, 2025, President Donald Trump hosted a dinner at which he emphasized that the United States should play a “dominant” role on Bitcoin and cryptocurrencies. Despite this ambitious statement, the market reacted coolly. In particular, the price of TRUMP Coin (TRUMPUSD) fell sharply after the announcement, leading to a worrying development.
Before the event, the price of the TRUMP Coin rose to about $16.50, but after dinner it plummeted to just over $14. This price move was interpreted by analysts as a “sell the news” trigger, meaning investors started selling after the announcement. The 2-hour chart shows a sudden price drop that began almost simultaneously with the start of dinner.
Price analysis and market perspective
Technical analysis of TRUMP coin shows that the Relative Strength Index (RSI) fell from 62.89 to 49.54, indicating a loss of momentum. The price of the cryptocurrency is currently just above the 50 Simple Moving Average at $13.82. The price finds support at around $13.80 to $14; If it falls below this mark, there is a risk of further sales. Despite Trump's crypto-friendly announcement, the expected positive effect on the coin did not materialize.
In addition, market analysis shows that the general mood after the event was disappointing. Many investors seem to have hoped for more from the presentation and the overall package. The uncertainty about the future development of the TRUMP Coin remains. It remains questionable whether the coin can experience a recovery, or whether it needs a new viral event or actual usage to regain traction.
A look at the overall market shows that other cryptocurrencies are also under pressure. The price of Bitcoin has also fallen, increasing concerns that market developments could become even more unfavorable. Current events shed light on the challenges facing the cryptocurrency industry, particularly as they relate to political and economic statements.
Overall, it remains to be seen how the market will develop and whether new impulses can lift the TRUMP Coin out of its current difficulties. For further information, interested readers can visit the articles CryptoTicker and Manager Magazine read.