TL;DR:
- Major U.S.-linked tokens report losses ranging from 38% to 82% over the past year.
- The bull market narrative driven by Trump’s policies has failed to materialize in asset prices.
- Macroeconomic factors and global liquidity have outweighed the favorable regulatory environment in Washington.
The arrival of Donald Trump at the White House generated high expectations; however, during his term, the U.S. crypto performance has shown alarming figures. The Rand firm, in its performance report, reveals that digital assets linked to the American ecosystem are operating with deep losses.
The figures, presented by RR2 Capital, describe a painful reality for investors who put their capital into “crypto patriotism.” For instance, XRP, a high-profile token, fell 38%, while other projects like Chainlink and Solana retraced more than 50% during this annual period.
Even large-cap projects such as Avalanche and Hedera suffered corrections close to 68%. On the other hand, the hardest hit have been newer assets like Aptos, recording a staggering drop of approximately 82%, defying any prior political optimism.
Political Narrative vs. Macroeconomic Reality
The report reveals much more than figures; it exposes the total disconnection between the Trump administration’s pro-crypto discourse and market action. Although lighter regulation was expected to boost domestic innovation, prices suggest that financial market structure is immune to political rhetoric.
Consequently, the market seems to be prioritizing global liquidity conditions and interest rates over campaign promises. A “risk-off” environment dominates the scene, proving that U.S. politics is not a sufficient shield against cyclical volatility.
In summary, predictions are not being met; the U.S. crypto sector is not “winning,” but rather undergoing a severe adjustment phase. For analysts, this is a fundamental lesson on how macroeconomic factors will always outweigh any leadership change in Washington.
