The “Made in USA” cryptocurrencies have gone through a rough patch in the first 100 days of the new administration under President Trump, with all of them falling by at least 20%. This occurs despite the administration being more crypto-friendly and the recent wave of regulatory easing.
In contrast, non-US coins like Bitcoin and TRON have demonstrated better resilience, even as Ethereum and Dogecoin suffered significant losses. This difference underscores the impact of broader policy pressures, such as tariffs, which may diminish the effectiveness of domestic cryptocurrency reforms.
The “Made in USA” cryptocurrencies are facing challenges under Trump.
All five of the top “Made in USA” cryptocurrencies have decreased by at least 20% since January 20, the day President Trump took office. Although recent short-term gains have helped improve market sentiment, the overall trend in the past 100 days remains negative for these assets.
This occurs despite expectations for a more favorable environment for cryptocurrencies under the current administration.
Solana (SOL) is the worst-performing coin in the group, down over 41% since Trump took office, although it has gained more than 18% in the last 30 days.
In contrast, SUI has surged 58% during the same period, bolstered by strong developments in meme coin trading and trading volume on decentralized exchanges (DEX). Recently, it has become the fifth largest chain by DEX activity, according to a report from Bitcoin Magazine.
ADA, LINK, and XRP recorded slight gains of 7% to 10% over the past month but still dropped more than 24% in the first 100 days of the new administration.
Performance of Made in USA coins since January 20 | Source: Messari
The overall performance of the “Made in USA” cryptocurrencies has not met initial expectations after Trump took office, including promises of a more crypto-friendly stance.
Although the Securities and Exchange Commission (SEC), under the leadership of Paul Atkins, has dropped some lawsuits against cryptocurrency companies, removing regulatory barriers, other policy developments could limit growth potential.
In particular, ongoing trade pressures related to Trump's tariff strategy could create additional hurdles for US-related cryptocurrency assets.
Despite the losses of ETH and DOGE, non-US coins are holding up better.
Among the five largest non-US cryptocurrencies, only two have recorded significant losses in the past 100 days. Ethereum (ETH) has declined by over 43%, and Dogecoin (DOGE) has dropped nearly 51%.
These declines are particularly pronounced, especially when compared to the more stable performance of other top assets. Bitcoin (BTC) only dropped 6% during the same period, while BNB fell nearly 12%.
Short-term trends provide a more balanced view. Bitcoin has risen nearly 16% in the past 30 days, reflecting stronger momentum compared to other coins.
Performance of the largest coins (excluding Made in USA coins) since January 20 | Source: Messari
DOGE has increased by more than 7% during the same period, while BNB and ETH remain stable. TRON (TRX) is the only coin outside the US-related group that recorded growth in both time frames, rising 7.5% in the past 100 days.
The broader global asset group has performed relatively better than the “Made in USA” coins. Although ETH and DOGE suffered heavy losses, this group has outperformed “Made in USA” coins like SOL and ADA, many of which have declined by over 20-40% during the same timeframe.
This difference suggests that while regulatory sentiment in the US may improve, macroeconomic obstacles and specific policies may weigh more heavily on domestic cryptocurrency assets.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.